Problem 12-08A Presented below are the financial statements of Bridgeport Company. Bridgeport Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 21,000 Accounts receivable 12,000 Inventory 16,800 Property, plant, and equipment 36,000 Accumulated depreciation (19,200 ) Total $66,600 2021 $ 12,000 8,400 12,000 46,800 (14,400) $64,800 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 11,400 4,200 10,200 10,800 30,000 $66,600 $ 9,000 4,800 19,800 8,400 22,800 $64,800 $145,200 105,000 40,200 Bridgeport Company Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Selling expenses $10,800 Administrative expenses 3,600 Income from operations Interest expense Income before income taxes Income tax expense Net income 14,400 25,800 1,800 24,000 4,800 $ 19,200 Additional data 2. Dividered and we were 12.000 During the year equipment was sold for 55.000 cash. This quent com 10.000 originally and had accumulated depreciation of 35,700 at the time of date. further analysis reveals the following Accounts payable pertanto merchandise woolers 2. All operating experies except for depreciation were paid in a 1. Marciones in the per category 4 sales and purchases are on court our swer is partially correct. Ty Prepare a statement of cash flows for Bridport Company using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either sige...-15.000 or in parenthese.. (15.000 Bridgeport Company Statement of Carlos Torranded December 11, 2012 shows from Operating Activities Cash Recetas Com 21000 Tor Operating to -1600 3900 Net Cash Provided by Operating Active 23:00 Cash Flows from Financing Activities Payment of Dividends 2400 Redemption of Bonds 10200 Issuance of Common Stock 10800 Net Cash used by Financing Activities 19200 Net Increase in Cash 9000 Cash at Beginning of Period 12000 Cash at End of Period 21000 LINK T9 TEXT