Bridgeport Inc. Statement of Financial Position As at April 30 Assets 2020 Cash 208,000 Accounts receivable 112,000 Inventory 109,000 Prepaid operating expenses 21,000 Long term investments 183,000 Equipment 1,231,000 Less: Accumulated depreciation (361,000 1,503,000 Liabilities and Shareholders' Equity Accounts payable 53,000 Income tax payable 25.000 Bonds payable 676,000 Common shares 301,000 Retained earnings 448,000 1,503,000 2019 149,000 96,000 253,000 11,000 86,000 1,166,000 (369,000 1,392,000 65,000 23,000 747,000 254,000 303,000 1,392,000 Bridgeport Inc. Income Statement For the year ended April 30, 2020 Sales revenue 1,122,000 Cost of goods sold 686,000 Gross profit 436,000 Operating expenses 224,000 Income from operations 212,000 Interest expense 4,700 Gain on disposal of equipment 3,300 Income before income tax 210,600 Income tax expense 18,200 Net income $192,400 ADDITIONAL INFORMATION: Depreciation expense is included in "operating expenses." All accounts payable transactions were related to the purchase of inventory During the year, a piece of equipment that originally cost $49,200 was sold for cash. The equipment was 70% depreciated at the time of the sale. Long-term investments were purchased for cash during the year. . Prepare a statement of cash flows, in good form, for Bridgeport Inc., using the direct method. Bridgeport Inc. follows ASPE. (Show