Hi, please complete the statement of cash flows. Thank you!

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.

FORTEN COMPANY Income Statement For Current Year Ended December 31

Sales $ 587,500

Cost of goods sold 286,000

Gross profit 301,500

Operating expnses (xcluding depreciation) $ 133,400

Depreciation expense 21,750 (left) 155,150 (right)

Other gains (losses) Loss on sale of equipment (6,125)

Income before taxes 140,225

Income taxes expense 25,650

Net income $ 114,575

FORTEN COMPANY Comparative Balance Sheets December 31

Current Year Prior Year

Assets

Cash $ 51,40 , $ 74,500

Accounts receivable 67,310 , 51,625

Inventory 277,156 , 252,800

Prepaid expenses 1,300 , 2,025

Total current assets 397,166 , 380,950

Equipment 156,500 , 109,000

Accumulated depreciationEquipment (37,125, left) (46,500, right)

Total assets $ 516,541 , $ 443,450

Liabilities and Equity

Accounts payable $ 54,141 , $ 116,175

Long-term notes payable 74,800 , 55,950

Total liabilities 128,941 , 172,125

Equity

Common stock, $5 par value 164,250 , 151,250

Paid-in capital in excess of par, common stock 39,000 , 0

Retained earnings 184,350, 120,075

Total liabilities and equity $ 516,541 , $ 443,450

Additional Information on Current Year Transactions:

a. The loss on the cash sale of equipment was $6,125 (details in b).

b. Sold equipment costing $49,875, with accumulated depreciation of $31,125, for $12,625 cash.

c. Purchased equipment costing $97,375 by paying $32,000 cash and signing a long-term notes payable for the balance.

d. Paid $46,525 cash to reduce the long-term notes payable.

e. Issued 2,600 shares of common stock for $20 cash per share.

f. Declared and paid cash dividends of $50,300.

To do: 1. 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. I attached screenshots of the cashflows template. Thank you!