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The income statement for the year ended December 31, 2017, for Bridgeport Manufacturing Company contains the following condensed information. $ 6,581,000 BRIDGEPORT CO INCOME STATEMENT

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The income statement for the year ended December 31, 2017, for Bridgeport Manufacturing Company contains the following condensed information. $ 6,581,000 BRIDGEPORT CO INCOME STATEMENT Revenues Operating expenses (excluding depreciation) $4,918,000 Depreciation expense 868,000 Income before income tax Income tax expense Net income 5.786,000 795,000 357.750 $437,250 Included in operating expenses is a $29,000 loss resulting from the sale of machinery for $268,000 cash. The company purchased machinery at a cost of $738,000. Bridgeport reports the following balances on its comparative balance sheets at December 31 BRIDGEPORT CO. COMPARATIVE BALANCE SHEETS (PARTIAL) 2017 2016 Cash $660.250 $128.000 Accounts receivable 783,000 608,000 Inventory 833,000 $69.000 Accounts payable 524.000 509.000 Income tax expense of $357.750 represents the amount paid in 2017. Dividends declared and paid in 2017 totaled $208.000 Prepare the statement of cash flows using the indirect method Show amounds that decrease cash flow with ethera BRIDGEPORT COVPATY 5+:nent of Cal Floss Adjustments to reconcile net income to Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activit Ne Decrease in a Net Increase in

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