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Use the following information is for the Brookstone Company to complete the Statement of Cash Flows in the provided attachment: Brookstone Company Balance Sheets At
Use the following information is for the Brookstone Company to complete the Statement of Cash Flows in the provided attachment: Brookstone Company Balance Sheets At December 31 2019 2018 Assets: Cash $ 29,568 $ 27,648 Accounts receivable 38,616 35,280 Merchandise inventory 87,750 74,052 Long-term investments 67,080 67,680 Machinery 210,600 174,600 Accumulated depreciation _(40,260 _(37,440 Total assets $393,354 $341,820 Liabilities: Accounts payable $78,000 $48,456 Income taxes payable 12,870 12,240 Bonds payable 58,500 79,200 Total liabilities $149,370 $139,896 Equity: Common stock 140,400 115,200 Retained earnings 103,584 86,724 Total equity $243,984 $201,924 Total liabilities and equity $393,354 $341,820 Retained earnings 103,584 86,724 Total equity $243,984 $201.924 Total liabilities and equity $393,354 $341.820 Brookstone Company Income Statement For Year Ended December 31, 20X2 Sales $288.000 Cost of goods sold $97,080 Depreciation expense 35,280 Other operating expenses 57,600 2.400 (192,360 Interest expense Other gains (losses)! Loss on sale of equipment (10,080) 85,560 Income before taxes Income taxes expense 33,180 $ 52.380 Net income 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 $35,520 were paid. (5) Additional shares of stock were issued for cash
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