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Help Financial statements for Concord Corporation are given below: Concord Corporation Statement of Cash...

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Financial statements for Concord Corporation are given below: Concord Corporation Statement of Cash Flows For the Year Ended December 31, 2021 Increase (Decrease) in Cash Cash flows from operating activities Net income $1200000 Adjustments to reconcile net income to net cash provided by operating activities: \begin{tabular}{|c|c|c|} \hline Increase in accounts receivable & $(390000 & ) \\ \hline Increase in accounts payable & 198000 & \\ \hline Depreciation-buildings and equipment & 355000 & \\ \hline Gain on sale of equipment & (148000 & ) \\ \hline Amortization of patents & 54000 & 69000 \\ \hline \end{tabular} Cash flows from investing activities Sale of equipment Purchase of land Purchase of buildings and equipment Net cash used by investing activities 290000 (601000) (1151000) (1462000) Total assets on the balance sheet at December 31, 2021 are $6652000. Accumulated depreciation on the equipment sold was $337000. The accounts payable at December 31, 2021 were $649000. $253000. $198000. $882000

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