Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the Required:

Prepare a complete statement of cash flows using the indirect method for the current year.

Note: Amounts to be deducted should be indicated with a minus sign.

year, $(1)$ all sales are credit sales, $(2)$ all credits to Accounts Receivable reflect cash recelpts from customers, $(3)$ all

purchases of inventory are on credit, and $(4)$ all debits to Accounts Payable reflect cash payments for inventory

Additional Information on Current Year Transactions

a$.$ The loss on the cash sale of equipment was $$13,125($details in b$)$

b$.$ Sold equipment costing $$70,875,$ with accumulated depreciation of $$38,125,$ for $$19,625$ cash

c$.$ Purchased equipment costing $$104,375$ by paying $$46,000$ cash and signing a long$-$term notes payable for the

balance.

d$.$ Paid $$49,325$ cosh to reduce the long$-$term notes payable

e$.$ Issued $3,300$ shares of common stock for $$20$ cash per share.

f$.$ Declared and paid cash dividends of $$51,700.$