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please help with this Forten Company's current year income statement,...

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Accounting

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Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, and (4) all debits to Accounts Payable reflect cash payments for inventory. Additional Informetion on Current Yeor Transactions a. The loss on the cash sale of equipment was $13,125 (details in b) b. Sold equipment costing $70,875, with accumulated depreciation of $38,125, for $19,625 cash c. Purchased equipment costing $104,375 by paying $46,000 cash and signing a long-term notes payable for the balance d. Paid $49,325 cosh to reduce the long-term notes payable e. Issued 3,300 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $51,700 Required: 1. Prepare a complete statement of cash flows using the indirect method for the current year

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