Forton Company, a merchandises recently completed its calendar year 2017 operations. For the year sales are credit Sales, 2 credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credt [4) all debits to Accounts Payable refect cash payments for inventory, and (5) Other Expenses are paid in advance and are initial debited to Prepaid Expenses. The company's income statement and balance sheets follow PORTANT December 201 1 2016 15. Total current assets et Accu depreciation Totalta Liabilities and Equity Short-term totes payable Costock ale Pais capitais e o per o 5564.751 TORTES COAST Torte Ended December 11, 2017 108. Other gas (los) Los on sale of equipment Problem 12-SAB Direct: Statement of cash flows LO P1, P3, P5 Additional Information on Year 2017 Transactions a. The loss on the cash sale of couloment was $22.125 Ideas in Additional Information on Year 2017 Transactions a. The loss on the cash sale of equipment was $22,125 d i n b. Sold equipment costing $97875, with accumulated depreciation of $47125 for $28.525 cash c. Purchased egoment costing $112.375 by paying 64.000 cash and signing a long term not payable for the balance d. Borrowed $5.700 cash by signing a short term not payable Paid SSR 625 to reduce the long term es payab ed 4 200 shares of common stock for $20 cash per share Declared and bad hdvidends of $53.500 L Required Prepare a complete statement of cash flow should be indicated with a minus sign) operating a c cord to the directed mounts FORTEN COMPANY