having trouble with this spreadsheet, not sure what I'm doing wrong and completely lost.

28% 5:59 AM Read-only 1403 H FORTEN COMPANY Spreadsheet for Statement of Cash Flows For Year Ended December 31, 2017 Analysis of Changes December 31, 2016 December 31, 2017 Debit Credit Balance sheet-debit 20,100 S Cash 80.500 60.400 Accounts recevable 57,625 18.715 76,340 Inventory 258,800 27,356 286,156 Prepaid expenses 2,035 755 1,280 Equipment 115.000 35.500 150,500 513.960 574,676 Balance sheet-credit Accumulated depres tion-Equipment 49.500 9,375 40,125 Accounts payable 125.175 65.034 60.141 Short-term notes payable 7.400 4,700 12,100 Long-term notes payable 55,750 5,750 61,500 176,750 157 250 19.500 Common stock, S5 par value Paid-in capital in excess of par value, common stock 44,500 44,500 Retained earnings 179,560 574,676 118,885 60.675 513.960 Statement of cash flows Operating activites Depreciation expense 27,750 Loss on sale of equipment 12,125 Increase in accounts receivable (18,715) Increase in inventory (27,356) Decrease in inventory Decrease in accounts payable (65,034) Investing activities Payment to purchase equipment (44,000) Receipt from sale of equipment 18,625 Financing activities Borrowed on short-term note 4,700 Payment on long-term note (53,625) Issued common stock for cash 64,000 (51,500)x Payment of cash dividends Non cash investing and financing activities Purchase of equipment financed by long-tem note payable 59.375 108,455 130,605 28% 5:58 AM 1403- Read-only FORTEN COMPANY Comparative Balance Sheets December 31, 2017 and 2016 FORTEN COMPANY Incone Statement For Year Ended December 31, 2817 2017 2016 Sales S 617,580 Cost of goods sold Gross profit Operating expenses Depreciation expense Other expenses 292,080 325,580 Assets s 60,400 76,340 286,156 1,280 80,508 57,625 258,300 2,035 Cash Accounts receivable Inventory Prepaid expenses Total current assets Equipment Accun. depreciation-Equionent S 27.750 139,400 167,150 424,176 150,500 (40,125 S 534,551 398,968 115,008 (49,508) Other gains (1osses) Loss on sale of equipment Income before taxes (12,125) 146,225 Total assets S 464,468 Incone taxes expense 34,050 Liabilities and Equity Net incone S 112,175 Accounts payable Short-term nates payable Total current liabilities s 60,141 12,100 72, 241 61,508 133,741 $125,175 7,408 132.575 55,750 188,325 Long-term notes payable Total liabilities Equity Common stock, $5 par value Paid-in capital in excess of par, common stock Retained eernings Total liabilities and equity 176,750 44,500 157,258 179,560 S 534,551 118,385 $464,460 Additional Information on Year 2017 Transactions a. Net income was $112,175 b. Accounts receivable Increased. C Inventory increased. d Prepald expenses decreased. e. Accounts payable decreased. f. Depreciation expense vas $27,750. gSold equipment costing $67,875, with accumulated depreciation of $37125, for $18,625 cash. This yielded a loss of $12,125 h Purchased equipment costing $103,375 by paying $44,000 cash and () by signing a long-tem note payable for the balance. . Borrowed $4,700 cash by signing a short-term note payable. J. Pald $53,625 cash to reduce the long-term notes payatble. k. ISsued 3,200 shares of common stock for $20 cash per share. Declared and paid cash dividends of $51,500