Current Attempt in Progress

Concord Company prepared the tabulation below at December 31, 2020.

Net Income		$341,700
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense		$44,700
Increase in accounts receivable		$51,700
Decrease in inventory		$14,700
Amortization of patent		$5,700
Increase in accounts payable		$7,300
Decrease in interest receivable		$8,700
Increase in prepaid expenses		$7,700
Decrease in income taxes payable		$3,200
Gain on sale of land		$6,700
Net cash provided (used) by operating activities

Show how each item should be reported in the statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

CONCORD COMPANY Partial Statement of Cash Flows
Net Income		$enter a dollar amount
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense		enter a dollar amount
Increase in accounts receivable		enter a dollar amount
Decrease in inventory		enter a dollar amount
Amortization of patent		enter a dollar amount
Increase in accounts payable		enter a dollar amount
Decrease in interest receivable		enter a dollar amount
Increase in prepaidexpenses		enter a dollar amount
Decrease in income taxes payable		enter a dollar amount
Gain on sale of land		enter a dollar amount
Net cash provided (used) by operating activities		$enter a total amount