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Forten Company's current year income statement, comparathe balance sheets, and odditional information folow, For the yoar, (1) oll soles are credit soles. (2) all credits to Accounts Receivoble reflect cosh receipts from customers, (3) al purchases of imventory are on credt, and (4) all debits to Accounts Payable reflect cash poyments for inventory Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $5.125 (details in b. b. Sold equipment costing $46,875, with accumulated depreciation of $30,125, for $11,625 cash c. Purchased equipment costing $96.375 by paying $30,000 cash and signing a longterm notes piyablo for the baiance. d. Paid $46.125 cash to reduce the long-term notes payable. e. Issued 2.500 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $50,100. Problem 12-5AB (Static) Direct: Statement of cash flows LO P5 Required: Prepore a complete statement of cash flows using the dwect method, (Amounts to be deducted should be indicated with a minus slgn.j