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4) The following information is available for the Aarons Corporation: Aarons Corporation Balance Sheets At December 31 20X2 20x1 Assets Cash Accounts receivable Merchandise i

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4) The following information is available for the Aarons Corporation: Aarons Corporation Balance Sheets At December 31 20X2 20x1 Assets Cash Accounts receivable Merchandise i Long-term investments S 24,640 S 23,040 29.40 61,71 56,400 145.50 73,12 55,900 175,50 0 Accumulated depreciation Total assets Liabilities S 63,00040,38 Income taxes payable Bonds payable 10,72 10 124,473 $116,5 Common stock Paid-in capital in excess of par 117,0 96,0 13 9,000 otal equit Total liabilities and equity 32779 Aarons Corporation Income Statement For Year Ended December 31. 20x2 Sales Cost of goods sold Depreciation expense $2 $80,9 29 48,00 Other o Other Loss on sale of equipment Income before taxes Income taxes expense Net income 71 (1) There was no gain or loss on the sales of the long-term investments, nor on the bonds retired (2) Old equipment with an original cost of $37,350 was sold for $2,100 cash. (3) New equipment was purchased for $67,550 cash. (4) Cash dividends of $33,600 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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