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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 SalesCost of goods sold$ Gross profitOperating expenses excluding depreciation$ Depreciation expenseOther gains lossesLoss on sale of equipmentIncome before taxesIncome taxes expenseVet income$ FORTEN COMPANYComparative Balance SheetsDecember Current YearPrior YearAssetsCash$ $ Accounts receivableInventoryPrepaid expensesTotal current assetsEquipmentAccumulated depreciationEquipmentTotal assets$ $ Liabilities and EquityAccounts payable$ $ Longterm notes payableTotal liabilitiesEquityCommon stock, $ par valuePaidin capital in excess of par, common stockRetained earningsTotal liabilities and equity$ $ iditional Information on Current Year Transactionsa. The loss on the cash sale of equipment was $details in bb Sold equipment costing $ with accumulated depreciation of $ for $ cash.c Purchased equipment costing $ by paying $ cash and signing a longterm notes payable for the balance.d Paid $ cash to reduce the longterm notes payable.e Issued shares of common stock for $ cash per share.f Declared and paid cash dividends of $
prepare a 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 st 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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