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Please help me compute freee cash flow. Concord Corporation's comparative balance sheets are presented below. Additional information: 1. Net income was $22,800. Dividends declared and
Please help me compute freee cash flow.
Concord Corporation's comparative balance sheets are presented below. Additional information: 1. Net income was $22,800. Dividends declared and paid were $22,000. 2. No noncash investing and financing activities occurred during 2022. 3. The land was sold for cash of $4,600. Prepare a statement of cash flows for 2022 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).) CONCORD CORPORATION Statement of Cash Flows - Indirect Method For the Year Ended December 31, 2022 ash Flows from Operating Activities Jet Income \( \$ \longdiv { 2 2 8 0 0 } \) justments to reconcile net income to Jet Cash Provided by Operating Activities ash Flows from Investing Activities ash Flows from Financing Activities let Cash Used by Financing Activities Jet Increase in Cash ash at Beginning of Period ash at End of Period 2100 3000 4600 $5500 \begin{tabular}{|c|c|} \hline & (16500) \\ \hline & 3800 \\ \hline & 10700 \\ \hline$ & 14500 \\ \hline \end{tabular} Your answer is incorrect. Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow $Step by Step Solution
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