Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $14,125 (details in b). b. Sold equipment costina $73,875, with accumulated depreclation of $39,125, for $20,625 cash. c. Purchased equipment costing $105,375 by paying $48.000 cash and signing a long-term notes payable for the balance. d. Paid $49,725 cash to reduce the long-term notes payable. e. Issued 3,400 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $51,900 Problem 12-3A (Algo) Indirect: Statement of cash flows LO A1, P2, P3 Required: 1. Prepare a complete statement of cash flows using the inclrect method for the curtent year. Note: Amounts to be deducted should be indicated with a minus sign. Required information Required information Use the following information for the Problems below. (Algo) The following information applies to the questions displayed below] Forten Company's current year income statement, comparatve batance sheets, and adcitional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Recelvable reflect cash receipts from customers. (3) all purchases of inventory are on credit, and (4) all debits to Accounts Payable reffect cash payments for inventory