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The comparative statement of financial position of Bridgeport Corporation as at December 31, 2020, follows: BRIDGEPORT CORPORATION Statement of Financial Position December 31 December 31

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The comparative statement of financial position of Bridgeport Corporation as at December 31, 2020, follows: BRIDGEPORT CORPORATION Statement of Financial Position December 31 December 31 Assets 2020 2019 Cash $ 51.500 $ 10,000 Accounts receivable 90.000 38.700 Equipment 27,600 21.900 19.900 (11.500 Less: Accumulated depreciation Total 5 160.000 $109.100 Liabilities and Shareholders' Equity $ 20.000 5 14,200 Accounts payable Common shares 100.000 79.200 Retained earnings 40.000 15,700 Total $ 100.000 $109.100 Question 5 of 5 -/1 Net Income of $37.200 was reported and dividends of $12.900 were declared and paid in 2020. Newent 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 -15.000 or in porentheses (150001 BRIDGEPORT CORPORATION Statement of Cash Flows Adjustments to reconocomo nes provided by operative

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