Exercise 23-15 Presented below are data taken from the records of Bridgeport Company. Cash Current assets other than cash Long-term investments Plant assets December 31, 2020 $14,900 85,100 10,000 332,600 $442,600 December 31, 2019 $7,900 60,400 52,900 214,400 $335,600 Accumulated depreciation Current liabilities Bonds payable Common stock Retained earnings $20,000 40,100 74,700 253,800 54,000 $442,600 $40,100 22,100 -0- 253,800 19,600 $335,600 Additional information: 1. Held-to-maturity debt securities carried at a cost of $42,900 on December 31, 2019, were sold in 2020 for $34,300. The loss (not unusual) was incorrectly charged directly to Retained Earnings. 2. Plant assets that cost $49,800 and were 80% depreciated were sold during 2020 for $8,100. The loss was incorrectly charged directly to Retained Earnings. 3. Net income as reported on the income statement for the year was $56,500. 4. Dividends paid amounted to $11,640. 5. Depreciation charged for the year was $19,740. Prepare a statement of cash flows for the year 2020 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).) BRIDGEPORT COMPANY Statement of Cash Flows Adjustments to reconcile net income to