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Please know this questions has a 3 part answer. Also the second part it is split into 2 pictures. Part 1: Part 2 : (2

Please know this questions has a 3 part answer. Also the second part it is split into 2 pictures.

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Part 1:

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Part 2 : (2 pictures for part 2 since it was too Longo it couldn't fit in one picture)

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Part 3: image text in transcribed

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 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. Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $19,125 (details in b). b. Sold equipment costing $88,875, with accumulated depreciation of $44,125, for $25,625 cash. c. Purchased equipment costing $110,375 by paying $58,000 cash and signing a long-term notes payable for the balance. d. Paid $51,725 cash to reduce the long-term notes payable. e. Issued 3,900 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $52,900. F 1 minus sign.) Required: Prepare a complete statement of cash flows using a spreadsheet using the indirect method. (Enter all amounts as positive values.) \begin{tabular}{|l|l|l|l|l|l|} \hline Investing activities & & & & & \end{tabular} Required: Prepare a complete statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.)

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