Please Correct these two question if im wrong

Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the vear. all sales are credit sales. (2) all credits to Accounts Receivable reflect cash receipts from customers. (B) 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. FORTEN COMPANY Comparative Balance Sheets December 31 Current Year Prior Year Assets $ 58,900 74,83e 284,656 1. 270 419.656 151, see (39.625) $ 531,531 BE $ 79, see $6.625 2 57,898 2,815 395,94e 114,Bee 49,eae) $460.940 Accounts receivable Inventory Prepaid expenses Total current assets Equipment Accum. depreciation Equipment Total assets Liabilities and Equity Accounts payable Short-tere notes payable Total current liabilities Long-tere notes payable Total liabilities Equity Common stock, $5 par value Paid-in capital in excess of par, common stock Retained earnings Total liabilities and equity $ 59,141 11. Bee 78.941 62,000 32.941 $ 123,675 7.2ee 138,875 54,750 185.625 156,250 par, common stock 123,168 171.5e 46. see 189, 34e 1,531 1 19,065 460,944 FORTEN COMPANY Income Statement For Current Year Ended December Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Other expenses Other gains (losses) LOSs on sale of equipment Income before taxes Income taxes expense Net Income expense 538,280 165. 150 165,150 (11 125) 145.225 32.55e $ 112,575 Additional Information on Current Year Transactions e. The loss on the cash sale of equipment was $11125 (details in b). b. Sold equipment costing 564.875, 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 note payable for the balance d. Borrowed 54,600 cash by signing a short-term note payable. e. Paid $53.125 cash to reduce the long-term notes payable. 1. Issued 3.100 shares of common stock for $20 cash per share 9. Declared and paid cash dividends of $51,300 Required: 1. Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be Indicated with a minus sign.) FORTEN COMPANY Statement of Cash Flows For Current Year Ended December 31 Cashows from operating avbes Adjustments to reconcile net income to net cash provided by operations 20.750 Deprecation expense Loss on disposal of equipment Acon c eivable increase 11.125.000 (10205) (28,858) 745 104.534 Inventory increase Prepaid expense increase Accounts payable decrease Cashed for dividends Netcash provided by operating at Cattom ing activities C o m sale of equipment Capadorment 142.000 Gas provided by Gerg ies 46001 53.125) Golden Corp.'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. (5) Other Expenses are all cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. GOLDEN CORPORATION Comparative Balance Sheets December 31 Current Year Prior Year Assets $ 180,000 107, de 625, Bee 912.eae 378. 180 (166, eee) $1,124, 10e $ 124,60e 87. Bee 542,90 753.600 315.000 (112,00) $956.68 Accounts receivable Inventory Total current assets Equipment Accum. depreciation Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Total current liabilities Equity Common stock, 52 par value Paid-in capital in excess of par value Retained earnings Total liabilities and equity $ $ 119, eee 44, ose 163,000 87,eee 33, 100 120, 100 611,200 224,888 125, 100 $1,124,100 584,80e 184, see 68.5ee $956,500 51,872,000 GOLDEN CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $ 54,000 Other expenses Siece Income before taxes Income taxes expense het income 2 564,000 0 Additional Information on Current Year Transactions 6. Purchased equipment for $63.100 cash b. Issued 13.600 shares of common stock for $5 cash per share. c. Declared and paid $105,000 in cash dividends. Required: Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be Indicated with a minus sign.) GOLDEN CORPORATION Statement of Cash Flows For Current Year Ended December 31 Cashflows from operating activities Net income Adjustments to reconcile net income to net cash provided by operations Depreciation expense Accounts receivable increase Inventory increase A nts payable neres Cashows from investing activities Capad for woment Cash flows from tnancing actives 5 Not increased ca Cash balance at December 31, prior your Cash balance at December 31, current year