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The current sections of Bridgeport Inc.'s balance sheets at December 31, 2024 and 2025, are presented here. Bridgeport's net income for 2025 was $175,950.
The current sections of Bridgeport Inc.'s balance sheets at December 31, 2024 and 2025, are presented here. Bridgeport's net income for 2025 was $175,950. Depreciation expense was $31,050. 2025 2024 Current assets Cash $120,750 $113,850 Accounts receivable 92,000 102,350 Inventory 193,200 197,800 Prepaid expenses 31,050 25,300 Total current assets $437,000 $439,300 Current liabilities Accrued expenses payable $ 17,250 $5,750 Accounts payable 97,750 105,800 Total current liabilities $115,000 $111,550 Prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 2025, = indirect method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) BRIDGEPORT INC. Statement of Cash Flows (Partial) - Indirect Method Adjustments to reconcile net income to JA > > > >
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