Bridgeport Mills Limited follows IFRS, has a calendar year end, and adopted the policy of classifying interest paid as financing activities. It engaged in the following transactions in 2020.

1.		The Land account increased by $58,500 over the year: Land that originally cost $62,100 was exchanged along with a cash payment of $4,100 for another parcel of land with a fair value of $94,400. Additional land was acquired later in the year in a cash purchase.
2.		The Equipment account had a balance of $67,800 at the beginning of the year and $62,800 at the end. The related Accumulated Depreciation account decreased over the same period from a balance of $25,100 to $16,700. Fully depreciated equipment that cost $10,500 was sold during the year for $1,100. In addition, equipment that cost $3,000 and had a carrying amount of $500 was discarded, and new equipment was acquired and paid for.
3.		A five-year right-of-use lease for specialized equipment was entered into on July 2, 2020. Under the terms of the lease, the company agreed to make five annual payments (in advance) of $35,000, after which the equipment will revert to the lessor. The present value of these lease payments at the 8% rate that is implicit in the lease was $150,925. The first payment was made as agreed. Bridgeport depreciates equipment using the straight-line method with no residual value.

(b)

(d)

Prepare the corresponding amounts to those prepared in part (c) for the operating activities section of the statement of cash flows prepared 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).)

1.		Gain on Disposal of EquipmentIncrease in Interest PayableLoss on Disposal of EquipmentGain on Disposal of LandDepreciation Expense on Right-of-Use AssetDecrease in Interest PayableDepreciation Expense on Equipment
2.		Decrease in Interest PayableIncrease in Interest PayableGain on Disposal of EquipmentLoss on Disposal of EquipmentDepreciation Expense on EquipmentDepreciation Expense on Right-of-Use AssetGain on Disposal of Land
		Depreciation Expense on EquipmentLoss on Disposal of EquipmentIncrease in Interest PayableGain on Disposal of EquipmentDepreciation Expense on Right-of-Use AssetGain on Disposal of LandDecrease in Interest Payable
		Increase in Interest PayableDepreciation Expense on Right-of-Use AssetDepreciation Expense on EquipmentGain on Disposal of LandGain on Disposal of EquipmentLoss on Disposal of EquipmentDecrease in Interest Payable
3.		Depreciation Expense on EquipmentGain on Disposal of LandDecrease in Interest PayableDepreciation Expense on Right-of-Use AssetIncrease in Interest PayableLoss on Disposal of EquipmentGain on Disposal of Equipment