Help The following three accounts appear in the general ledger of Concord Corp. during...
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The following three accounts appear in the general ledger of Concord Corp. during 2022. Equipment Date Debit Credit Balance Jan. 1 Balance 160,400 July 31 Purchase of equipment 70,900 231,300 Sept. 2 Purchase of equipment 52,600 283,900 Nov. 10 Cost of equipment sold 51,300 232,600 Accumulated Depreciation Equipment Date Debit Credit Balance Jan. 1 Balance 69,600 Nov. 10 Accumulated depreciation on equipment sold 18,900 50,700 Dec. 31 Depreciation for year 21,000 71,700 Retained Earnings Date Debit Credit Balance Jan. 1 Balance 105,100 Aug. 23 Dividends (cash) 15,900 89,200 Dec. 31 Net income 66,700 155.900 From the postings in the accounts, indicate how the information is reported on a statement of cash flows using the indirect method. The loss on disposal of plant assets was $8,600. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) CONCORD CORP Statement of Cash Flows (Partial) - Indirect Method CONCORD CORP Statement of Cash Flows (Partial) - Indirect Method $ Adjustments to reconcile net income to $ >
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