Bridgeport Inc. follows ASPE and had the following statement of financial position at the end of operations for 2022 : During 2023 , the following occurred: 1. Bridgeport sold some of its trademarks. The trademarks had an unlimited useful life and a cost of $10,000. They were sold for proceeds of $20,000. 2. Machinery was purchased in exchange for long-term debt of $40,000. 3. Long-term debt in the amount of $14,800 was retired before maturity by paying $14,800 cash. 4. An additional $13,500 in common shares was issued. 5. Dividends totalling $14,200 were declared and paid to shareholders. Dividends paid are treated as financing activities. 6. Net income for 2023 was $45,100 after allowing for depreciation of $20,100. 7. Machinery with a carrying value of $15,000 was sold at a gain of $7,400. 8. At December 31,2023 , Cash was $68,500; Accounts Receivable was $111,200; Accounts Payable was $83,000, and Imventory increased to $108,100. (a) Adjustments to reconcile net income to net cash provided by operating activities: $ $ Bridgeport purchased machinery at a cost of $ In exchange tor long-term debt