12 11 Sales Coat of goods sold Gross profi FORTER COMPANY toe State For Curt Year Reded December 31 Operating expenses escluding depreciation) Depreciation expense Other gains t Graw Lees un sale of int Ince before Net income 587,500 204,000 301,500 3133,400 31,754 155,150 140,325 25,414 $114,37 TORTEN COMPANY Comparative Balance Sheets Cure Year CA Accounts receivable 67,310 277,156 14,500 31,435 Prepaid expen fital earrent assets Accumulated deprciation Liabilities and Equity Accounts payable 3,925 397,144 300,950 156,500 109,000 514,543 443,450 $34,141 116,175 74,950 35,950 Total liabili Equity Common stock, 25 par val Betained earnings Total liabilities and pity Paid-in capital in excess of par, con stock Additional Information on Current Year Transactions 320-941 177.525 144,255 151,250 19,000 184,356 $14.541 < Prev 1112 Next > Help Save & Ext Submit Check my work Question 11-Ch 12 HW-Con ezto.mheducation.com/ext/map/index.html?_conecon&external browser 0&launchUrl=https%253A%252F%252Fgvec.blackboard.com%252Fwebapps%252Fbia. O GTC4me Omal YouTube 12 11 Accounts payable Long-term notes payable Total liabilities Equity Common stock, 15 par value Paid-in capital in excess of par, common stock Retained earnings points Total liabilities and equity Additional Information on Current Year Transactions Prin References 14.141 $116,175 74,000 55,950 120,941 172,125 144,250 151,250 39,000 104,350 120,075 #516,541 443,450 a. The loss on the cash sale of equipment was $6,125 (details in b. Sold equipment costing $49,875, with accumulated depreciation of $31,125, for $12,625 cash. c. Purchased equipment costing $97,375 by paying $32,000 cash and signing a long-term notes payable for the balance d. Paid $46,525 cash to reduce the long-term notes payable. e. Issued 2,600 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $50,300. Problem 12-3A (Algo) Indirect: Statement of cash flows LO A1, P2, P3 Required: 1. Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.) Help Save & Exit Submit Check my work 12 HW-Cox ezto.mheducation.com/ext/map/index.htm consconexternal browse 12 HW OTCA 11 Required information Cash flows from operating activ launchUrlhttp%253A%252F%2 FORTEN COMPANY Statement of Cash Flows For Cument Tear Ended December 21 Income statement hems not affecting cash Changes in cument assets and cuent Cash fows from investigate NO Q A 2 NO Z " S M 13 X 14 55 $ < Prev 11 of 12 Next > 66 206 E R T Y T * tion command 7 27 81 8 OTC4m Required information Cash flows from investing activities Cash fows from financing activities Chance at December 31, por year Cash balance at December 3 Q 2 A N BLU DLY 3: 1 WO M S # 63 3 E D 14 % #5 1 0 01 $ 0 Gr 3 6 R T Y F & 7 8 C be G H J X C V B N * T command