Shown below are comparative statements of financial position for Concord Corporation. Additional information: 1. Net...
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Shown below are comparative statements of financial position for Concord Corporation. Additional information: 1. Net income for 2025 was $119,040. There were no gains or losses reported on the statement of income. 2. Cash dividends of $44,800 were declared and paid. 3. Bonds payable amounting to $64,000 were redeemed for cash $64,000. The bonds were originally issued at face value (no premium or discount). 4. Common shares were issued for $53,760cash. 5. No fand was purchased during 2025 . 6. No equipment was disposed of during 2025. Prepare a statement of cash flows for 2025 using the indirect method, (Show amounts that decrease cash flow with either a - sign es. 15,000 or in parenthesis e.g. (15,000)
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