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8x please help both parts Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions cisplayed below.]
8x
Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions cisplayed below.] Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the yeat, (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 poyments for inventory. Adstional information en Current Year Transactions balance. d. Poid $54,125 cash to redice the long term nowes paryble. e, lssued 4,500 shaces of common stocic for $20 cash per share. f. Declared ard poid cash divisends of $54,300. Problem 16-3A (Algo) Indirect: Statement of cash flows LO A1, P2, P3 Required: 1. Prepere a complese watement of cash bous ising the andirect method toe the currert year. Nete: Amounts to be deducted should be indicated with a minus tigh please help both parts
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