Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. Alloperating expenses except for depreciation were poid in cash. 3. All depreciation expense is in the selling expense category. 4. All sales and imventory purchases are on account. Additionaldata: 1. Depreciation expense was $16,600. 3. Doring the year, equipment was sold for 57,700 cash, This equipment originally cosk $18,000 and had accumulated depreciation of $10,300 at the time of sale. 5. Commenstock was issued at par for casth. Compute free cash flow. (Enter negutive amount using either a negative sian preceding the number ez-45 or parentheses cs) (45)] Freecashriow Your answer is partially correct. Prepare a statement of cash flows for Concord Company using the direct method. (Show amounts that decrease cash flow with either a-signeg. 15,000 or in parenthesis es (15,000) Presented here are the financial statements of Concord Company