Forten Company's current year income statement, comparative balance sheets, and additionallinformation follow. 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, and

$(4)$ all debits to Accounts Payable reflect cash payments for inventory.

FORIES coMpotn

Additional Informetion on Current Year Transactions

e$.$ The loss on the cash sale pf equipment was $$5\mathrm{.}125($details in ba$)$ balance.

d$.$ Paid $$46\mathrm{.}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.$