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The following information is available for the Brookstone Company:
Brookstone Company Balance Sheets
At December 31
Brookstone Company Income Statement
For Year Ended December 31, 20X2
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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Annual Income
The total amount of income earned over a year before taxes and other deductions.
Square Foot
A unit of area measurement equal to a square measuring one foot on each side.
Family Size
The number of individuals in a household, encompassing all related and unrelated members.
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