Presented here are the financial statements of Concord Company.

CONCORD COMPANY Comparative Balance Sheets December 31
Assets		2022			2021
Cash		$37,100			$20,100
Accounts receivable		32,900			19,500
Inventory		29,900			20,900
Property, plant, and equipment		59,700			77,500
Accumulated depreciation		(29,100)			(23,400)
Total		$130,500			$114,600
Liabilities and Stockholders Equity
Accounts payable		$28,300			$ 17,000
Income taxes payable		7,000			8,400
Bonds payable		27,300			33,600
Common stock		17,200			14,600
Retained earnings		50,700			41,000
Total		$130,500			$114,600

CONCORD COMPANY Income Statement For the Year Ended December 31, 2022
Sales revenue				$241,100
Cost of goods sold				176,400
Gross profit				64,700
Selling expenses		$17,550
Administrative expenses		5,850		23,400
Income from operations				41,300
Interest expense				3,600
Income before income taxes				37,700
Income tax expense				7,540
Net income				$30,160

Additional data:

1.		Depreciation expense was $15,700.
2.		Dividends declared and paid were $20,460.
3.		During the year, equipment was sold for $7,800 cash. This equipment originally cost $17,800 and had accumulated depreciation of $10,000 at the time of sale.
4.		Bonds were redeemed at their carrying value.
5.		Common stock was issued at par for cash.

(a)

Prepare a statement of cash flows 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).)

The comparative balance sheets for Crane Company as of December 31 are as follows.

CRANE COMPANY Comparative Balance Sheets December 31
Assets		2022			2021
Cash		$57,000			$45,000
Accounts receivable		40,000			62,000
Inventory		148,000			142,000
Prepaid expenses		13,500			21,000
Land		140,000			130,000
Buildings		196,000			196,000
Accumulated depreciationbuildings		(56,000)			(30,000)
Equipment		228,000			155,000
Accumulated depreciationequipment		(42,000)			(35,000)
Total		$724,500			$686,000
Liabilities and Stockholders Equity
Accounts payable		$46,000			$39,000
Bonds payable		260,000			260,000
Common stock, $1 par		187,000			157,000
Retained earnings		231,500			230,000
Total		$724,500			$686,000

Additional information:

1.		Operating expenses include depreciation expense of $42,000 ($26,000 of depreciation expense for buildings and $16,000 for equipment).
2.		Land was sold for cash at book value.
3.		Cash dividends of $42,500 were declared and paid.
4.		Net income for 2022 was $44,000.
5.		Equipment was purchased for $94,000 cash. In addition, equipment costing $21,000 with a book value of $12,000 was sold for $5,000 cash.
6.		30,000 shares of $1 par value common stock were issued in exchange for land with a fair value of $30,000.

Prepare a statement of cash flows for the year ended December 31, 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).)