Current Attempt in Progress Concord Corporation reported the following information for 2022. Concord Corporation Comparative Balance Sheets December 31 2021 $32,400 19.800 Change Increase/Decrease $20.700 Increase 36.000 Increase 39.600 Increase 1.800 Increase 13,500 Decrease Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Totals Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock (51 par) Retained earnings Totals 2022 $53,100 55,800 39.600 5,400 49.500 120,000 (18,900) 164,700 (25,200) $504,000 3.600 63.000 120,000 (12.600) 61,200 19.000) $338,400 6.300 Increase 103,500 Increase 16,200 Increase $38.700 90.000 207.000 168,300 $504,000 $36.000 9,000 135.000 54.000 104.400 $338,400 $2.700 Increase 9,000 Decrease 45,000 Decrease 153.000 Increase 63.900 Increase Concord Corporation Income Statement For the Year Ended December 31, 2022 Sales revenue $B46.900 Cost of goods sold $427.500 Operating expenses 207.900 Interest expense 10.800 Loss on disposal of equipment 1.800 648,000 Income before income taxes 198,900 Income tax expense 58.500 Net income $140,400 Additional information 1. Operating expenses include depreciation expense of $36,000. 2. Land was sold at its book value for cash. 3. Cash dividends of $74,500 were declared and paid in 2022 4. Equipment with a cost of $149,400 was purchased for cash. Equipment with a cost of $45,900 and a book value of $32,400 was sold for $30.800 cash 5. Bonds of $45.000 were redeemed at their face value for cash Common stock ($1 par) of $153,000 was issued for cash. a-signeg -15,000 or in parenthesis es. (15.000 Concord Corporation Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to