Shown below are comparative balance sheets for Bridgeport Company. Bridgeport Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $108,800 $35,200 Accounts receivable 140,800 121,600 Inventory 267,200 302,400 Land 128,000 160,000 Equipment 416,000 320,000 Accumulated depreciation-equipment (105,600 ) (51,200) Total $955,200 $888,000 Liabilities and Stockholders' Equity Accounts payable $62,400 $ 68,800 Bonds payable 240,000 320,000 Common stock ($1 par) 345,600 278,400 Retained earnings 307,200 220,800 Total $955,200 $888,000 Additional information: 1. Net income for 2022 was $148,800. 2. Depreciation expense was $54,400. 3. Cash dividends of $62,400 were declared and paid. 4. Bonds payable amounting to $80,000 were redeemed for cash $80,000. 5. Common stock was issued for $67,200 cash. 6. No equipment was sold during 2022. 7. Land was sold for its book value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a-sign es -45,000, or in parenthesis e.g. (45,000)). Bridgeport Company Statement of Cash Flows Net Increase in Cash December 31, 2022