Bridgeport Inc. applies ASPE and had the following statement of financial position at the end of operations for 2019:

BRIDGEPORT INC. Statement of Financial Position December 31, 2019
Cash		$50,500		Accounts payable		$ 93,000
Accounts receivable		90,000		Long-term debt		85,000
Inventory		82,000		Common shares		100,000
Machinery (net)		125,000		Retained earnings		89,500
Trademarks		20,000
		$367,500				$367,500

During 2020, the following occurred:

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1.		Jia Inc. sold some of its trademarks. The trademarks had an unlimited useful life and a cost of $10,000. They were sold for proceeds of $21,500.
2.		Machinery was purchased in exchange for long-term debt of $40,000.
3.		Long-term debt in the amount of $14,600 was retired before maturity by paying $14,600 cash.
4.		An additional $11,500 in common shares was issued.
5.		Dividends totalling $13,100 were declared and paid to shareholders. Dividends paid are treated as financing activities.
6.		Net income for 2020 was $44,000 after allowing for depreciation of $19,000.
7.		Machinery with a carrying value of $18,000 was sold at a gain of $7,000.
8.		At December 31, 2020, Cash was $69,300; Accounts Receivable was $111,000; Accounts Payable was $83,000 and Inventory increased to $107,000.plz show steps as well

Prepare a statement of cash flows for the year ended December 31, 2020, 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).) BRIDGEPORT INC. Statement of Cash Flows $ Adjustments to reconcile net income to net cash provided by operating activities: $