Shown below are comparative balance sheets for Bridgeport Company. Bridgeport Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 108.800 Accounts receivable 140.800 Inventory 267,200 Land 128,000 Equipment 416,000 Accumulated depreciation-equipment (105,600) Total $955,200 Llabilities and Stockholders' Equity Accounts payable $ 62.400 Bonds payable 240,000 Common stock (51 par 345,600 Retained earnings 307.200 Total $955,200 2021 $ 35,200 121,600 302,400 160,000 320,000 (51,200) $888,000 $68,800 320,000 278,400 220,800 $888.000 Additional information: 1. 2 3. Net income for 2022 was $148,800 Depreciation expense was $54,400. Cash dividends of $62.400 were declared and paid. Bonds payable amounting to $80,000 were redeemed for cash $80,000 4 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. Landwas sold for its book value. Prepare a statement of cash flows for 2022 using the indirect method (Show amounts that decrease cash flow with alther a - siones -45,000, or in parenthesis es (45,000 Bridgeport Company Statement of Cash Flows AR A: Adjustments to reconcile net income to $ Question 2 of 5 -12 E Qu Que co > View Quest Account Questi Questio e Textbook and Media