Prepare a statement $of$ cash flows for $2U2$ using the indirect method. $(Show$ amounts that decrease cash flow with either $a-$ sign $e.g.\frac{?}{(-45,000\frac{?}{?})},orin$ parenthesis $e.g.(45,000)).$

BRIDGEPORT COMPANY

Statement $of$ Cash Flows $-$ Indirect Method$\frac{?}{\frac{?}{?}\text{\$}\frac{?}{?}}$

Adjustments $to$ reconcile net income $to\frac{?}{\frac{?}{?}\text{\$}\frac{?}{?}}$

The following are comparative balance sheets for Bridgeport Company.

Additional information:

Net income for $2025$ was $$148,800.$

Depreciation expense was $$54,400.$

Cash dividends $of$ $$62,400$ were declared and paid.

Bonds payable with a carrying value $of$ $$80,000$ were redeemed for $$80,000$ cash.

Common stock was issued $at$ par for $$67,200$ cash.

$No$ equipment was sold during $2025.$

Land was sold for its book value.