The Following Information Is Available for the Brookstone Company Additional Information:
(1)There Was No Gain or Loss on the \text

The following information is available for the Brookstone Company:

$\begin{array}{c} \text {Brookstone Company}\\ \text {Income Statement}\\ \text {For Year Ended December \( 31,20 \mathrm{X} 2 \)}\\\begin{array}{|l|r|r|}\hline \text { Sales } &&\$4288,000\\\hline \text { Cost of goods sold } & \$ 97,080 & \\\hline \text { Depreciation expense } &35,280& \\\hline \text { Other operating expenses } & 57,600 \\\hline \text { Interest expense } & 2,400 & (192,360) \\\hline \text { Other gains (losses): } & & \\ \hline \text { Loss on sale of equipment } & &(10,0800) \\\hline \text { Income before taxes } & & 85,560 \\\hline \text { Income taxes expense } & & 33,180\\\hline \text { Net income } & & \$ 52,380 \\\hline\end{array}\end{array}$
Additional information:
(1)There was no gain or loss on the sales of the long-term investments,nor on the bonds retired.
(2)Old machinery with an original cost of $45,060 was sold for $2,520 cash.
(3)New machinery was purchased for $81,060 cash.
(4)Cash dividends of $40,320 were paid.
(5)Additional shares of stock were issued for cash.
Prepare a complete statement of cash flows for calendar-year 20X2 using the indirect method.

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(a)Received from sales of long-term inv...

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