*Exercise 12-13 Your answer is partially correct. Try again The 2017 accounting records of Bridgeport Corp. reveal these transactions and events $24,700 118,560 Depreciation expense Payment of interest Cash sales Receipt of dividend revenue Payment of income taxes Net income Payment for merchandise Payment for land Collection of accounts receivable 44,460 29,640 93,860 239,590 182,780 481,650 Payment of salaries and wages $ 130,910 39,520 Proceeds from sale of vehicles 2,005,640 Purchase of equipment for cash54,340 7,410 34,580 Payment of operating expenses 69,160 Loss on sale of vehicles Payment of dividends Prepare the cash flows from operating activities section using the direct method Bridgeport Corp. Statement of Cash Flows-Direct Method or the Year Ended December 31, 2017 Less