Concord Corporation's balance sheet accounts as of December 31, 2021 and 2020 and information relating...
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Accounting
Concord Corporation's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2018 activities are presented below. Information relating to 2021 activities: - Net income for 2021 was $1510000. - Cash dividends of $602000 were declared and paid in 2021. - Equipment costing $980000 and having a carrying amount of $320000 was sold in 2021 for $360000. - A long-term investment was sold in 2021 for $320000. There were no other transactions affecting long-term investments in 2021. - 23000 shares of common stock were issued in 2021 for $25 a share. - Short-term investments consist of treasury bills maturing on 6/30/22. Net cash provided by Concord's 2021 financing activities was $551000. $1153000. $1755000. $591000
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