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Bridgeport Corporation had the following 2021 income statement data: Sales $197,130 Cost of goods sold 120,000 Gross profit 77.130 Operating expenses (includes depreciation of $20,720)
Bridgeport Corporation had the following 2021 income statement data: Sales $197,130 Cost of goods sold 120,000 Gross profit 77.130 Operating expenses (includes depreciation of $20,720) Profit 48,260 $28,870 The following accounts increased during 2021 by the amounts shown: Accounts Receivable, $17,250; Inventory, $10,700; Accounts Payable, $13,410; Mortgage Payable $40.000. Prepare the cash flows from operating activities section of Bridgeport's 2021 statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a-sign eg-15,000 or in parenthesis e.g. (15,000).) Bridgeport Corporation Statement of Cash Flows (Partial) Direct Method Prepare the cash flows from operating activities section of Bridgeport's 2021 statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis e.g. (15,000).) Bridgeport Corporation Statement of Cash Flows (Partial) Direct Method eTextbook and Media Statement of Cash Flows (Partial) (Indirect Method) Adjustments to reconcile profit to eTextbook and Media LA
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