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Your answer is partially correct. Condensed financial data of Bridgeport Corp. follow. Bridgeport Corp. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 226,240 $ 135,520 Accounts receivable 245,840 106,400 Inventory 315,000 287,980 Prepaid expenses 79,520 72,800 Long-term investments 386,400 305,200 Plant assets 98,000 679.000 Accumulated depreciation (140,000) (145,600 Total $1,211,000 $1,441,300 Liabilities and Stockholders Equity Question 4 of 5 Liabilities and Stockholders' Equity $285,600 $ 188,440 46,200 58,800 Accounts payable Accrued expenses payable Bonds payable Common stock 308,000 408,800 616,000 490,000 Retained earnings 655,200 295,260 Total $1,911,000 $1,441,300 Bridgeport Corp. Income Statement Data For the Year Ended December 31, 2022 Sales revenue $1,087,688 Less: Cost of goods sold $379,288 Operating expenses, excluding depreciation 34,748 Depreciation expense 130,200 Bridgeport Corp. Income Statement Data For the Year Ended December 31, 2022 Sales revenue $1,087.688 Less $379.288 Cost of goods sold Operating expenses, excluding depreciation Depreciation opens 34,748 130,200 Income tax expense 76.354 13.244 Interest experts Loss on disposal of plant assets 21.000 654864 Netcome 5432.824 Mina formation 1 2 New plantas costine $250.000 were purchased for in the year Olha a ricost of $161,000 and ection of $135.00 $4,200 inh th 4. Acanh dividend of $72,884 was declared and paid during the year, Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-signes -15,000 or in parenthesis es (15,00012 Bridgeport Corp. Statement of Cash Flows for the Year Ended December 31, 2022 Cash Flows from Operating Activities Net income 2004 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation pense 5 10.200 Lost on Disposal of Plants 21000 centos 119

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