Pleas provides explanation

Problem 16-3A 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, (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. Additional Information on Current Year Transactions a. The loss on the cash ale of equipment was $5,125 (details in by b. Sold equipment costing 546,875 , with accumulated depreciation of 530.125, for $11.625cash. c. Purchased equipment costing $96,375 by paying 530,000 cash and vigning a long-term note payable for the balance. d. Borrowed $4,000 cash by signing a short-term note payable. -. Paid $50,125 cash to reduce the long-term notes payable. t. Issuod 2,500 shares of common stock for $20 eash per thare. g. Declared and paid cash dividends of 550,100 . Required: Prepare a complete statement of cash flows using the indirect method tor the current year. Disclose any noncash investing and financing activities in a