Forten Company, a merchandiser, recently completed as calendar-year 2013 operations. For the year, (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. (4) al debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid m advance and are initially debited to Prepaid Expenses. The company's balance sheets and income statement follow. The loss on the cash sale of equipment was $5,125 (details in b). Sold equipment costing $46,875, with accumulated depreciation of $30,125, for $11,625 cash. Purchased equipment costing $96,375 by paying $30,000 cash and signing a long-term note payable for the balance. Borrowed $4,000 cash by sprang a short-term note payable. Paid $50,125 cash to reduce the long-term notes payable. Issued 2,500 shares of common stock for $20 cash per share. Declared and paid cash dividends of $50,100. Prepare a complete statement of cash flows, report its operating activities using the indirect method. Disclose any noncash investing and financing activities n a note. Analyze and discuss the statement of cash flows prepared in part 1. giving special attention to the wisdom of the cash dividend payment