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Bridgeport Corporation had the following 2020 income statement. Sales revenue $183,000 Cost of goods sold 118,000 Gross profit 65,000 Operating expenses (includes depreciation of $19,000)

Bridgeport Corporation had the following 2020 income statement.

Sales revenue

$183,000

Cost of goods sold

118,000

Gross profit

65,000

Operating expenses (includes depreciation of $19,000)

45,000

Net income

$20,000

The following accounts increased during 2020: Accounts Receivable $13,000, Inventory $11,000, Accounts Payable $13,000. Prepare the cash flows from operating activities section of Bridgeports 2020 statement of cash flows 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).)

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