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.

$\backslash$table$[[\backslash$table$[[$FORTEN COMPAN$],[$Income Stateme$],[$For Current Year Ended$]],\backslash$table$[[$NY$],[$ent$],[$December $31]],,],[$Sales$,,,647,500],[$Cost of goods sold,,,$298,000],[$Gross profit,,,$349,500],[$Operating expenses $($excluding depreciation$),$$$145,400,,],[$Depreciation expense,$33,750,,179,150],[$Other gains $($losses$),,,],[$Loss on sale of equipment,,,$(18,125)$

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Additional Information on Current Year Transactions

a$.$ The loss on the cash sale of equipment was $$18,125($details in b$).$

b$.$ Sold equipment costing $$85,875,$ with accumulated depreciation of $$43,125,$ for $$24,625$ cash.

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c$.$ Purchased equipment costing $$109,375$ by paying $$56,000$ cash and signing a long$-$term notes payable for the balance.

d$.$ Paid $$51,325$ cash to reduce the long$-$term notes payable.

e$.$ Issued $3,800$ shares of common stock for $$20$ cash per share.

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f$.$ Declared and paid cash dividends of $$52,700.$

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.

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