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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 $76,500.

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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 $76,500. Depreciation expense was $13,500. 2022 2021 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $52,500 40,000 84,000 13,500 $190,000 $ 49,500 44,500 86,000 11,000 $191,000 $ 7,500 42,500 $50,000 $ 2,500 46,000 $ 48,500 Prepare the net cash provided (used) 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).) Bridgeport Corp. Partial Statement of Cash Flows For the Year Ended December 31, 2022 TCash Flows from Operating Activities 76500 | Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 13500 T Decrease in Inventory 2000 T Decrease in Accounts Receivable 4500 T Decrease in Accounts Payable -3500 T Increase in Accrued Expenses Payable 5000 | Increase in Prepaid Expenses -2500 76500 Net Cash Provided by Operating Activities

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