number 6 is part of 5 but i'm not sure how to do it

5 Part 2 10 D Merce Required information Use the following information for the Problems below. (Algo) The following information applies to the questions displayed below! Forten Company's current year income statement, comparative balance sheets, and additional information for low For the year. (1 all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, purchases of inventory are on credit, and (4) all debits to Accounts Payable reflect cash payments for inventory PORTE COMPANY Incone Staten Sales For Current Testinded December cout of foodo mold 5612,50 Gross profit 291,000 Operating expenses (excluding depreciation 121,10 $ 138,400 Depreciation expense 30.150 165.150 other gaine (los) Los on sale of equipment (11 125 Income before taxes 145.225 Income tax expense 33.60 Net Income $ 112,575 FORTE COMPANY Comparative Balance sheet December 31 Current Text OK Yone Assets Cash $ 58,300 7,500 Accounts receivable 74, 56,625 284,654 259,00 Toventory Prepaid expenses 1270 2011 419.654 395. Total current ausate Bquipment 351,500 $14.000 3,6233 149.0001 Alated devreciation Best 111 Next > 5 Chudy Part 1 of 2 I wenty 10 who frences FORTIN COMPANY Cumparative Balance sheets December 31 Assets Current Year Pro Test Cash Accounts receivable $ 54,900 179,500 74,810 56,625 Prepaid expenses 284,656 357.a. Total current asseta 1270 2015 419,650 395.940 Equipant Mecumulated depreciation Equipment 151.500 114,000 37.625) 169.000 Total asset 51,5): 460,80 Liabilities and Equity Accounts payable $ 39,141 # 123,675 Long-term mots payable 23.00 6! Total liabilities 1320 quity Common stock, 65 par value 171,350 156,250 Paid-in capital in excess of par, costock 46,500 0 Retained in 100-240 119.05 Total abilities and equity 1531,931 $ 460,90 Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $14125 (detaisin b. Sold equipment costing $64,875, with accumulated depreciation of $36.125, for $17.625 cash c. Purchased equipment costing $102.375 by paying $42.000 cash and signing a long-term notes payable for the balance d. Paid $48,525 cash to reduce the long-term notes payable e. Issued 3,100 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $51300 Problem 123A Algol Indirest: Statement of cash flows LO A1, P2, P3 Part 1 of 2 $ 504.205 10 points Nel income Adjustments to reconcile net income to the provided by operation Income statement les not affecting cash Depreciation expense Loss on disposal of equipment Changes in current and current abilities Increase in accounts receivable Increase in Inventory Decrease in prepaid expenses Decrease in prepaid expenses Decrease in accounts payable Book References 1 594 295 Cash flows from investing activities Cash received from sale of equipment Cash paid for equipment Cash flows from financing activities Cash paid on long-term notes Cash received from issuing stock Cash paid for dividende 0 5 594.295 Net increase (decrease in cash Cash balance at December 31. prior year BRE b Required information Part 2 of 2 Statement of Cash Flow For Current Year Ended December Cash flows from operating activities Cash received from customers Increase in merchandise inventory Cash paid for operating expenses Cash paid for income taxes 10 points 594,206 382 380 137.655 32,650 Do 5 1.146990 Cash flows from Investing activities Loss on sale of equipment Cash paid for equipment 17.625 42.000 60,625 Cash flows from financing activities Cash received from issuing stock Cash paid on long-term roles Cash paid for dividende 62.000 (48,5251 (51.300) (7 825) $ 1.168.780 Not increase (decrease in cash Cash balance at December 31. prior you Cash balance at December 31, current year $ 1,168,790 5 Part 2 10 D Merce Required information Use the following information for the Problems below. (Algo) The following information applies to the questions displayed below! Forten Company's current year income statement, comparative balance sheets, and additional information for low For the year. (1 all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, purchases of inventory are on credit, and (4) all debits to Accounts Payable reflect cash payments for inventory PORTE COMPANY Incone Staten Sales For Current Testinded December cout of foodo mold 5612,50 Gross profit 291,000 Operating expenses (excluding depreciation 121,10 $ 138,400 Depreciation expense 30.150 165.150 other gaine (los) Los on sale of equipment (11 125 Income before taxes 145.225 Income tax expense 33.60 Net Income $ 112,575 FORTE COMPANY Comparative Balance sheet December 31 Current Text OK Yone Assets Cash $ 58,300 7,500 Accounts receivable 74, 56,625 284,654 259,00 Toventory Prepaid expenses 1270 2011 419.654 395. Total current ausate Bquipment 351,500 $14.000 3,6233 149.0001 Alated devreciation Best 111 Next > 5 Chudy Part 1 of 2 I wenty 10 who frences FORTIN COMPANY Cumparative Balance sheets December 31 Assets Current Year Pro Test Cash Accounts receivable $ 54,900 179,500 74,810 56,625 Prepaid expenses 284,656 357.a. Total current asseta 1270 2015 419,650 395.940 Equipant Mecumulated depreciation Equipment 151.500 114,000 37.625) 169.000 Total asset 51,5): 460,80 Liabilities and Equity Accounts payable $ 39,141 # 123,675 Long-term mots payable 23.00 6! Total liabilities 1320 quity Common stock, 65 par value 171,350 156,250 Paid-in capital in excess of par, costock 46,500 0 Retained in 100-240 119.05 Total abilities and equity 1531,931 $ 460,90 Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $14125 (detaisin b. Sold equipment costing $64,875, with accumulated depreciation of $36.125, for $17.625 cash c. Purchased equipment costing $102.375 by paying $42.000 cash and signing a long-term notes payable for the balance d. Paid $48,525 cash to reduce the long-term notes payable e. Issued 3,100 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $51300 Problem 123A Algol Indirest: Statement of cash flows LO A1, P2, P3 Part 1 of 2 $ 504.205 10 points Nel income Adjustments to reconcile net income to the provided by operation Income statement les not affecting cash Depreciation expense Loss on disposal of equipment Changes in current and current abilities Increase in accounts receivable Increase in Inventory Decrease in prepaid expenses Decrease in prepaid expenses Decrease in accounts payable Book References 1 594 295 Cash flows from investing activities Cash received from sale of equipment Cash paid for equipment Cash flows from financing activities Cash paid on long-term notes Cash received from issuing stock Cash paid for dividende 0 5 594.295 Net increase (decrease in cash Cash balance at December 31. prior year BRE b Required information Part 2 of 2 Statement of Cash Flow For Current Year Ended December Cash flows from operating activities Cash received from customers Increase in merchandise inventory Cash paid for operating expenses Cash paid for income taxes 10 points 594,206 382 380 137.655 32,650 Do 5 1.146990 Cash flows from Investing activities Loss on sale of equipment Cash paid for equipment 17.625 42.000 60,625 Cash flows from financing activities Cash received from issuing stock Cash paid on long-term roles Cash paid for dividende 62.000 (48,5251 (51.300) (7 825) $ 1.168.780 Not increase (decrease in cash Cash balance at December 31. prior you Cash balance at December 31, current year $ 1,168,790