Exercise 23-15 Presented below are data taken from the records of Concord Company. December 31, 2017 December 31, 2016 $15,000 84,500 10,000 335,600 $445,100 Cash Current assets other than cash Long-term investments Plant assets $8,000 59,900 52,800 217,200 $337,900 Accumulated depreciation Current liabilities Bonds payable Common stock Retained earnings $20,200 39,600 75,600 253,300 56,400 $445,100 $39,700 21,800 -0 253,300 23,100 $337,900 Additional information: 1. Held-to-maturity securities carried at a cost of $42,800 on December 31, 2016, were sold in 2017 for $34,000. The loss (not unusual) was incorrectly charged directly to Retained Earnings 2. Plant assets that cost $49,900 and were 80% depreciated were sold dur ng 2017 ors7 900. The loss was incorrectly charged directly to Retained Earnings. 3. Net income as reported on the income statement for the year was $57,600. 4. Dividends paid amounted to $13,420 5. Depreciation charged for the year was $20,420 Prepare a statement of cash flows for the year 2017 using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) CONCORD COMPANY Statement of Cash Flows For the Year Ended December 31, 2017 v Adjustments to reconcile net income to