The comparative statement of financial position of Bridgeport Corporation as at December $31,2023,$ follows:

BRIDGEPORT CORPORATION

Statement of Financial Position

December $31$

December $31$

Assets

$2023$

$2022$

Cash

$$51,500$

$$10,000$

Accounts receivable

$90,800$

$88,700$

Equipment

$27,600$

$21,900$

Less: Accumulated depreciation

$(9,900)$

$(11,500)$

Total

$$160,000$

$$109,100$

Liabilities and Shareholders' Equity

Accounts payable

$$20,000$

$$14,200$

Common shares

$100,000$

$79,200$

Retained earnings

$40,000$

$15,700$

Total

$$160,000$

$$109,100$

Net income of $$37,200$ was reported and dividends of $$12,900$ were declared and paid in $2023.$ New equipment was purchased, and equipment with a carrying value of $$4,900($cost of $$11,800$ and accumulated depreciation of $$6,900)$ was sold for $$8,400.$

Prepare a statement of cash flows using the indirect method for cash flows from operating activities. Assume that Bridgeport prepares financial statements in accordance with ASPE. $($Show amounts that decrease cash flow with either a$-$sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$ Please provide detailed solutions.