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Condensed financial data of Bridgeport Company for 2020 and 2019 are presented below. Additional Information: During the year, $80 of common stock was Issued in exchange forpiant assets No plant assets were sold in 2020 Prepare a starment of cash flows using the indirect method (Show amounts that decrease cash flow with withero ssign eg? parenthes/s eg. (15,000) BRIDGEPORT COMPANY Statement of Cash Flows For the Year Ended December 31,2020 (Indirect Method) Cash Flows from Operating Activitios Net income \( \$ \longdiv { 8 6 0 } \) Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ 30 Gain on Sale of Imvestments 70 Incroase in Accounts Receivable (500) Decrease in inventory 310 Increase in Accounts Payable 290 Decrease in Accrued Lablities (50) NetCssh Provided by Operating Actlitics 20 Cash Flows from investing Activitios Purchuce of Plant Assets (140) 50 ed inveitments 210 Cash Flows from investing Activities 70 Cish Flowstrom Financin Activites 100 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Plant Assets (140) Sale of invostments 210 Cash Flows from Investing Activities 70 Cash Flows from Financing Activitios Issuance of Capital Stock Redemption of Bonds Payable 150 Payment of Cash Dividends Net Cash Used by Financing Activities Net increase in Cosh Cish at eoginning of Period Cash at End of Period