Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $10,125 (details in b). b. Sold equipment costing $61,875, with accumulated depreciation of $35,125, for $16,625 cash. c. Purchased equipment costing $101,375 by paying $40,000 cash and signing a long-term notes payable for the balance. d. Paid $48,125 cash to reduce the long-term notes payable. e. Issued 3,000 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $51,100. FORTEN COMPANY Statement of Cash Flows For Current Year Ended December 31 \begin{tabular}{|c|c|} \hline Cash flows from operating activities & \\ \hline Adjustments to reconcile net income to net & \\ \hline Income statement items not affecting ca & \\ \hline & \\ \hline Changes in current assets and current li & \\ \hline & \\ \hline & , \\ \hline & \\ \hline & 2x2 \\ \hline & \\ \hline & $ \\ \hline Cash flows from investing activities & \\ \hline & \\ \hline & \\ \hline & \\ \hline & 0 \\ \hline Cash flows from financing activities: & \\ \hline & \\ \hline & \\ \hline & \\ \hline & 0 \\ \hline Net increase (decrease) in cash & s \\ \hline Cash balance at December 31, prior year & \\ \hline Cash balance at December 31, current year & $ \\ \hline \end{tabular}