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Current Attempt in Progress The following information is available for Bridgeport Corp. for the year ended December 31, 2022. Beginning cash balance $50,900 Accounts
Current Attempt in Progress The following information is available for Bridgeport Corp. for the year ended December 31, 2022. Beginning cash balance $50,900 Accounts payable decrease 4,200 Depreciation expense 183,100 Accounts receivable increase 9,300 Inventory increase 12,400 Net income 321,000 Cash received for sale of land at book value 39,600 Cash dividends paid 13,600 Income taxes payable increase 5,300 Cash used to purchase building 326,600 Cash used to purchase treasury stock 29,400 Cash received from issuing bonds 226,000 Prepare a statement of cash flows 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).)
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