Exercise 12-5 Your answer is partially correct. Try again. The following information is available for Bridgeport Corp. for the year ended December 31, 2017. 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 $ 48,690 4,003 175,284 8,872 11,902 307,396 37,870 12,984 5,085 312,698 28,132 216,400 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 Cash received from issuing bonds 216,400 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with eit Bridgeport Corp. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2017 9 Cash Flows from Operating Activities : Net Income Adjustments to reconcile net income to Cash Flows from Operating Activities 30739 Depreciation Expense 8872 Increase in Accounts Receivable 11902 Increase in Inventory -4003 Decrease in Accounts Payable 5085 Increase in Income Taxes Payable 2185 Net Cash Provided by Operating Activities 50453 37870 Cash Flows from Investing Activities Sale of Land Purchase of Building Net Cash Provided by Investing Activities |-2748 -2813 Cash Flows from Financing Activities - Purchase of Treasury Stock - Issuance of Bonds Payment of Dividend Net Cash Provided by Financing Activities 21640 -1298 1752 40499 Net Increase in Cash Cash at Beginning of Period 48690