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Partial financial statements for 2023 and 2024 for Concord Company are given below: Balance Sheet December 31, 2023 Assets Liabilities & Equity Cash $1248000

Partial financial statements for 2023 and 2024 for Concord Company are given below: Balance Sheet December 31, 2023 Assets Liabilities & Equity Cash $1248000 Accounts payable $592800 Accounts receivable 1123200 Buildings and equipment 4680000 Accumulated depreciation- (1560000) Common stock 3588000 buildings and equipment Patents 561600 Retained earnings 1872000 $6052800 $6052800

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