The income statement of Bridgeport Company is shown below. Bridgeport Company Income Statement For the Year Ended December 31, 2025 Salesrevenue $6,910,000 Cost of goods sold Beginning inventory $1,910,000 Purchases 4,420,000 Goods available for sale 6,330,000 Ending inventory 1,610,000 Cost of goods sold 4,720,000 Gross profit 2,190,000 Operating expenses Selling expenses 460,000 Administrative expenses 690,000 1,150,000 Net income $1,040,000 Additional information: I AL Pr Cash Receipts from Customers Cash Payments to Suppliers Accounts receivable decreased $360,000 during the year. Prepaid expenses increased $190,000 during the year. Accounts payable to suppliers of merchandise decreased $280,000 during the year. Accrued expenses payable decreased $100,000 during the year. Administrative expenses include depreciation expense of $50,000. epare the operating activities section of the statement of cash flows using the direct method. BRIDGEPORT COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2025 v Cash Flows from Operating Activities s : Y r