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Bridgeport Corporation issued the following statement of cash flows for 2017. Bridgeport Corporation Statement of...

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Accounting

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Bridgeport Corporation issued the following statement of cash flows for 2017. Bridgeport Corporation Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2017 Cash flows from operating activities Net income $64,487 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Loss on disposal of plant assets $9,946 10,384 (5,465) (2405) 3,607 16,067 Net cash provided by operating activities 80,554 Cash flows from investing activities Sale of investments 3,388 (26,451) Purchase of equipment Net cash used by investing activities (23,063) Cash flows from financing activities Issuance of stock Payment on long-term note payable Payment for dividends 21,860 (10,930) (14,209) Net cash used by financing activities Net increase in cash Cash at beginning of year Cash at end of year (3.279) 54,212 14,209 $ 68,421 (a) Compute free cash flow for Bridgeport Corporation. (Show a negative parenthesis es (15,000)) free cash flow with either a-signes-15,000 or in Free cash flow for Bridgeport Corporation 43282

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