Forten Company's current year income statement, comparative balance sheets, and additional information 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. Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $5,125 (details in b). b. Sold equipment costing $46,875, with accumulated depreciation of $30.125, for $11,625 cash. c. Purchased equipment costing $96,375 by paying $30,000 cash and signing a long-term notes payable for the balance. FORTEN COMPANY Statement of Cash Flows For Current Year Ended December 31 (1) Required information 5preadsheet for statementor cauh flows For Current Year Ended December 11 Prepare a complete statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.)