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The following are comparative balance sheets for Concord Company. Additional information: 1. Net income for 2022 was $102,300. 2. Depreciation expense was $32,100. 3. Cash
The following are comparative balance sheets for Concord Company. Additional information: 1. Net income for 2022 was $102,300. 2. Depreciation expense was $32,100. 3. Cash dividends of $34,500 were declared and paid. 4. Bonds payable with a carrying value of $53,700 were redeemed for $53,700 cash. 5. Common stock was issued at par for $39,300 cash. 6. No equipment was sold during 2022 . 7. Land was sold for its book value. 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). Adjustments to reconcile net income to $
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