Exercise 12-14 The following information is available for Bridgeport Corp. for 2017. Cash used to purchase treasury stock $ 49,543 Cash dividends paid 22,454 Cash paid for interest 23,072 Net income 478,229 Sales revenue 826,060 Cash paid for taxes 101,970 Cash received from customers 583,083 Cash received from sale of building (at book value) 203,528 Cash paid for operating expenses 79,310 Beginning cash balance 11,330 Cash paid for goods and services 287,473 Cash received from issuing common stock 365,650 Cash paid to redeem bonds at maturity 206,000 Cash paid to purchase equipment 116,596

Exercise 12-14 The following information is available for Bridgeport Corp. for 2017. Cash used to purchase treasury stock Cash dividends paid Cash paid for interest Net income Sales revenue Cash paid for taxes Cash received from customers Cash received from sale of building (at book value) Cash paid for operating expenses Beginning cash balance Cash paid for goods and services Cash received from issuing common stock Cash paid to redeem bonds at maturity Cash paid to purchase equipment $ 49,54.3 22,454 23,072 478,229 826,060 101,970 583,083 203,528 79,310 11,330 287,473 365,650 206,000 116,596 Prepare a statement of cash flows using the direct method. (Show amounts in the investing and f Bridgeport Corp Statement of Cash Flows-Direct Method December 31, 2017 Cash Flows from Operating Activities Cash Receipts from Customers ess December 31, 2017 Cash Flows from Operating Activities Cash Receipts from Customers Less