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need help filling this out Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are

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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- Income Statement For Current Year. Ended Decerer. 31. Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Other gains (losses) Loss on sale of equiment Income before taxes Income taxes expense Net income s 677,see s 151,400 FORTEN Comparative Balance Sheets December 31 39, (24,125) se,sse s Current s 78,4e s 570,791 s 72,141 s 370,791 y4,e 373,se 191,15e 156, 225 107,375 s 92,5e 304, 156 27e,s 478,416 435, 2" 13S,s 127 , 536, 143,175 143,341 220, 725 191, 169,250 170,2ee 116,725 se, 7ee Prior Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Equipment Accumulated depreciationEquirent Total assets Liabilities and Equity Accounts payable Long-term notes payable Total liabilities Equity Common stock, SS per value Paic-in ceoltal in excess of par, Retaine earnings Total liabilities enc equt',' Year , 625 2,275 (55, See) 77,55e cormon stock Year 94, 4 1,4ee 125) 71, 66, s s s Prepare a convlete starnent of cash LEtng a spreadst-eet Lnder the Itrect Enter anumts as postme F C'rent Yeu 31 Ana*si5 31. Pri 31. Curer* Yez 173000 Bayee revabe sheetcredi bSarce acccrts payik t.:es *y-able Ccrn-. Sock SZ 'iue s s Year 116.900 535.000 303.000 I.o.eoo .ooo 57 mo 173500 I.oz.zo s Paid-a cf common Reane eynhgs s Stzenet C.erstin; =ivties iTeg:ng

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