Prepare a statement of cash flows using the indirect method.

Question 4 View Policies Current Attempt in Progress The following information is available for Bridgeport Corp. for the year ended December 31, 2022. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $ 74,250 6,105 267,300 13,530 18,150 468.765 57.750 19,800 7.755 476,850 42,900 330,000 Bridgeport Corp. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Cash Flows from Investing Activities Decrease in Accounts Receivable LL Decrease in Inventory v Decrease in Income Taxes Payable L Cash Flows from Operating Activities Cash Flows from Operating Activities Cash Flows from Investing Activities v Purchase of Building Sale of Land Net Cash used by Investing Activities Cash Flows from Financing Activities Issuance of Bonds Payment of Dividend Net Cash used by Financing Activities Net Increase in Cash 554235 Cash at Beginning of Period 74250 Cash at End of Period 628485 eTextbook and Media