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Attempt in Progress Condensed financial data of Concord Inc follow. CONCORD INC. Comparative Balance Sheets December 31 Assets 2021 2022 $ 80,500 87.900 $ 48,700 38,600 111.900 29,400 Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total 102 100 27.900 113,700 241.900 139,800 284,200 (47,700) (49.100) $686.000 $ 523,800 $ 106,000 $ 63.700 21200 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total 16,500 117,100 219,000 149.500 175.100 227400 114,300 $686,000 $ 523,800 CONCORD INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $382.500 Less $382.500 CONCORD INC. Income Statement For the Year Ended December 31, 2022 Sales revenue Less Cost of goods sold $ 135,600 Operating expenses, excluding depreciation 12.500 Depreciation expense 48,100 Income tax expense 27.400 Interest expense 4.800 Loss on disposal of plant assets 7,100 Net income 235.500 $147.000 Additional information 2 3. 1 New plant assets casting $100.200 were purchased for cash during the year. Old plant assets having an original cost of $ 57,900 and accumulated depreciation of S49 500 were sold for $1.300 Bonds payable matured and were paid off at face value for cash A cash dividend of $ 33,900 was declared and paid during the year. Common stock was issued at par for cash There were no significant noncash transactions 4. 5. 6. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-signes -15.00 parenthesis eg. (15,000 CONCORD INC. Statement of Cash Flows ch O UL w CONCORD INC Statement of Cash Flows Adjustments to reconcile net income to > > > > > V

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