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FORTEN COMPANYIncome StatementFor Current Year Ended December 3 1 . SalesCost of goods sold$ 6 3 7 , 5 0 0 2 9 6 ,

FORTEN COMPANYIncome StatementFor Current Year Ended December 31.SalesCost of goods sold$ 637,500296,000Gross profit341,500Operating expenses (excluding depreciation)$ 143,40031,750Depreciation expense175,150Other gains (losses)Loss on sale of equipment(16,125)Income before taxes150,225Income taxes expense39,650Vet income$ 110,575FORTEN COMPANYComparative Balance SheetsDecember 31Current YearPrior YearAssetsCash$ 66,400$ 84,500Accounts receivable82,38061,625Inventory292,156262,800Prepaid expenses1,3202,115Total current assets442,256411,040Equipment146,500119,000Accumulated depreciation-Equipment(42,125(51,500)Total assets$ 546,631$ 478,540Liabilities and EquityAccounts payable$ 64,141|$ 131,175Long-term notes payable72,80067,950Total liabilities136,941199,125EquityCommon stock, $5 par value179,250161,250Paid-in capital in excess of par, common stock54,000Retained earnings176,440118,165Total liabilities and equity$ 546,631$ 478,540iditional Information on Current Year Transactionsa. The loss on the cash sale of equipment was $16,125(details in b).b. Sold equipment costing $79,875, with accumulated depreciation of $41,125, for $22,625 cash.c. Purchased equipment costing $107,375 by paying $52,000 cash and signing a long-term notes payable for the balance.d. Paid $50,525 cash to reduce the long-term notes payable.e. Issued 3,600 shares of common stock for $20 cash per share.f. Declared and paid cash dividends of $52,300.
prepare a 20 row complete statement of cash flows using the indirect method for the current year. Its an entire table that need to be filled out its a statemewnt of cash flows for current year ended december 31st please answer in an organized table cash flows from operatint activites, cash flowe from investint activitiee, cash flows from financint activities

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