Only need operating activities

Forten Company, a merchandiser, recently completed its calendar-year 2017 operations. 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, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company's income statement and balance sheets follow FORTEN COMPANY Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operating expenses $582,500 297,500 Depreciation expense Other expenses $20,750 132,400 153,150 Other gains (losses) Loss on sale of equipment Income before taxes Income taxes expense Net income (5.125) 139,225 24,250 $114,975