Forten Company's current-year income statement, comparative balance sheets, and additional information follow.

Forten Company Income Statement For Current Year Ended December 31

Sales		$582,500
Cost of goods sold		285,000
Gross profit		297,500
Operating expenses
Depreciation expense	$20,750
Other expenses	132,400	153,150
Other gains (losses)
Loss on sale of equipment		(5,125)
Income before taxes		139,225
Income taxes expense		24,250
Net income		$114,975

Forten Company Comparative Balance Sheets December 31

	Current Year	Prior Year
Assets
Cash	$49,800	$73,500
Accounts receivable	65,810	50,625
Inventory	275,656	251,800
Prepaid expenses	1,250	1,875
Total current assets	392516	377,800
Equipment	157500	108,000
Accumulated Depreciation-Equipment	(36,625)	(46,000)
Total assets	$513391	$439,800
Liabilities and Equity
Accounts payable	$53,141	$114,675
Short-term notes payable	10,000	6,000
Total current liabilities	63,141	120,675
Long-term notes payable	65,000	48,750
Total liabilities	128,141	169,425
Equity
Common stock, $5 par value	162,750	150,250
Paid-in-capital in excess of par, common stock	37,500	0
Retained earnings	185,000	120,125
Total liabilities and equity	$513,391	$439,800

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 note payable for the balance. d. Borrowed $4,000 cash by signing a short-term note payable. e. Paid $50,125 cash to reduce the long-term notes payable. f. Issued 2,500 share of common stock for $20 cash per share. g. Declared and paid cash dividends of $50,100.

Fill in the blanks below to complete the statement of cash flows for 2019 using the indirect method. The blanks in the left column should have a written description whereas the blanks in the middle and right columns should have a numerical amount. A word bank is provided in a table below the question for both written descriptions and numerical amounts. Please use the exact order that we used in class in the operating section and follow the exact order of the accounts that you use from the balance sheet to the best of your ability; this will prevent items being counted incorrectly that will require later tedious grading for partial credit. In the investing and financing sections, also list items in order of how the accounts appear in the balance sheet with positive changes for that account being listed first, followed by negative changes. Do the best you can with order, and I will correct automatic grading errors where needed.

Do not use dollar signs, commas, or the minus sign in your answers. For negative numbers, you must use parentheses.

Forten Company Statement of Cash Flows For Current Year Ended December 31

Cash flows from activities
	$
Net cash by activities		$
Cash flows from activities:
Net cash by activities
Cash flows from activities:
Net cash by activities
Net in cash		$
Cash balance at December 31,
Cash balance at December 31,		$

Word bank for answering question:

provided	used	625	(625)
financing	investing	4,000	(4,000)
operating	prior year	5,125	(5,125)
current year	Depreciation expense	11,625	(11,625)
Loss on sale of equipment	Gain on sale of equipment	15,185	(15,185)
Net income	Amortization expense	18,375	(18,375)
Increase in accounts receivable	Decrease in accounts receivable	20,750	(20,750)
Increase in inventory	Decrease in inventory	23,700	(23,700)
Increase in prepaid expenses	Decrease in prepaid expenses	23,856	(23,856)
Increase in accounts payable	Decrease in accounts payable	30,000	(30,000)
Sale of equipment	Purchase of equipment	40,900	(40,900)
Borrowings on short-term notes payable	Borrowings on long-term notes payable	46,225	(46,225)
Payment of short-term notes payable	Payment of long-term notes payable	49,800	(49,800)
Sale of common stock	Payment of cash dividends	50,000	(50,000)
increase	decrease	50,100	(50,100)
		50,125	(50,125)
		61,534	(61,534)
		73,500	(73,500)
		114,975	(114,975)