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prepare a statement of cash flows 1. (10 points) Presented below is a condensed version of the comparative balance sheets for Bridgeport Corporation for the
prepare a statement of cash flows
1. (10 points) Presented below is a condensed version of the comparative balance sheets for Bridgeport Corporation for the last two years at December 31. 2016 Cash Accounts receivable Investments Equipment Accumulated Depreciation Equipment Current liabilities Common stock Retained earnings 2017 $ 230,100 234,000 67,600 387,400 (137,800 ) 174,200 208,000 399,100 240,500 96,200 312,000 (115,700 ) 196,300 208,000 230,100 Additional information: Investments were sold at a loss of $13,000; no equipment was sold; cash dividends paid were $39,000; and net income was $208,000 Step by Step Solution
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