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The current sections of Bridgeport Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Bridgeport Corp.'s net income for 2022 was $127,000.
The current sections of Bridgeport Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Bridgeport Corp.'s net income for 2022 was $127,000. Depreciation expense was $21,000. 2022 2021 Current assets Cash Accounts receivable $31,000 42,500 39,000 8,500 $121,000 $ 44,500 34,500 31,000 9,500 $119,500 Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $ 8,000 $ 3,000 44,000 $47,000 36,000 $ 44,000 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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