Exercise 12-8 (Part Level Submission)

Concord Corporations comparative balance sheets are presented below.

Concord Corporation Comparative Balance Sheets December 31
		2019			2018
Cash		$ 14,500			$ 10,700
Accounts receivable		20,800			23,800
Land		19,600			26,300
Buildings		70,100			70,100
Accumulated depreciationbuildings		(15,000	)		(10,700	)
Total		$110,000			$120,200
Accounts payable		$ 11,800			$ 28,300
Common stock		75,000			73,400
Retained earnings		23,200			18,500
Total		$110,000			$120,200

Additional information:

1.		Net income was $22,800. Dividends declared and paid were $18,100.
2.		No noncash investing and financing activities occurred during 2019.
3.		The land was sold for cash of $4,600.

a. Prepare a statement of cash flows for 2019 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000, or in parenthesis e.g. (15,000).)