A comparative statement of financial position for Bridgeport Industries Inc. follows: BRIDGEPORT INDUSTRIES INC. Statement of Financial Position December 31, 2023 December 31 Assets 2023 2022 Cash $21,700 $34,700 Accounts receivable 105,000 55,600 Inventory 240,000 192,000 Land 78,000 117,000 Equipment 261,000 204,000 Accumulated depreciation-equipment (69,100) (42,200) Total $636,600 $561,100 Liabilities and Shareholders' Equity Accounts payable $52,200 $60,400 Bonds payable 146,400 195,400 Common shares 232,000 183,000 Retained earnings 206,000 122,300 Total $636,600 $561,100 Additional information: 1. Net income for the fiscal year ended December 31, 2023, was $143,000. 2. Cash dividends of $59,300 were declared and paid. Dividends paid are treated as financing activities. 3. Bonds payable amounting to $49,000 were retired through the issuance of common shares. 4. Land was sold at a gain of $6,000. 5. No equipment was sold during the year. Cash Flows from Operating Activities BRIDGEPORT INDUSTRIES INC. Statement of Cash Flows For the Year Ended December 31, 2023 Net Income/(Loss) Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Expense Increase In Accounts Receivable Increase In Accounts Payable Net Cash Provided by Operating Activities During the year, Bridgeport retired $ $ > > > > > $ 143000 in bonds payable by issuing common shares. Disclosure for the amount paid for interest and income tax would be included.