Exercise 12-7 Shown below are comparative balance sheets for Bridgeport Company. Bridgeport Company Comparative Balance Sheets December 31 Assets 2017 2016 Cash $ 143,888 $ 46,552 Accounts receivable 186,208 160,816 Inventory 353,372 399,924 Land 169,280 211,600 Equipment 550,160 423,200 Accumulated depreciationequipment (139,656 ) (67,712 ) Total $1,263,252 $1,174,380 Liabilities and Stockholders Equity Accounts payable $ 82,524 $ 90,988 Bonds payable 317,400 423,200 Common stock ($1 par) 457,056 368,184 Retained earnings 406,272 292,008 Total $1,263,252 $1,174,380 Additional information: 1. Net income for 2017 was $196,788. 2. Depreciation expense was $71,944. 3. Cash dividends of $82,524 were declared and paid. 4. Bonds payable amounting to $105,800 were redeemed for cash $105,800. 5. Common stock was issued for $88,872 cash. 6. No equipment was sold during 2017. 7. Land was sold for its book value. Prepare a statement of cash flows for 2017 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)).

Kimmel, Accounting, be ASSIGNMENT RESOURCES shown below are comparative balance sheets for Bridgepot Company Bridgcport Company Comparativc Balance Shects 353,372 109,290 550,10 13,656 $1,263,252 46,552 160,A16 300,024 211,000 423,200 67,712 1,174,380 Tota Liabilities and Stockholders Equity Accounts payabio Bonds payabla Comemurn stuck is1 pa) B2,524 $90,088 n6 72 51,253,252 1.1/4,JUQ Additionzl information: L. Net income for 2017 was $196.788. 2. Dep'Kalon expense ~as 1.444, Cash dwidendsOf$82.524aena declared and paid. 4. Bond payable mounting to105.300 iere redeemed for cash $135,800 E. No equipment was sold ainq 2017 7. Land w2G sold for its book value. Cash Hows Adjustments to reconcle net income to O Type here o search