Bridgeport Company reported net income of $202,800 for 2025. Bridgeport also reported depreciation expense of $35,690 and a loss of $5,280 on the disposal
Bridgeport Company reported net income of $202,800 for 2025. Bridgeport also reported depreciation expense of $35,690 and a loss of $5,280 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $14,210 for the year, a $18.260 increase in accounts payable, and a $3,950 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2025. Use the indirect method. (Show amounts that decrease cash flow with either a sign e.g.-15.000 or in parenthesis e.g. (15,000).) BRIDGEPORT COMPANY Statement of Cash Flows (Partial) - Indirect Method Adjustments to reconcile net income to Adjustments to reconcile net income to $
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