Please show work. Need help for preparation in passing exam.

According to chegg this is a multipart question with parts a, b, c, d, e, f & g.

Kindly, answer accordingly. Will upvote based on accuracy and showing your work.

Thank you!

[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, (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. Prior Year FORTEN COMPANY Comparative Balance Sheets December 31 Current Year Assets Cash $ 51,400 Accounts receivable 67,310 Inventory 277, 156 Prepaid expenses 1,300 Total current assets 397,166 Equipment 156,500 Accum. depreciation Equipment (37, 125) Total assets $516,541 Liabilities and Equity Accounts payable $ 54, 141 Short-term notes payable 10,300 Total current liabilities 64,441 Long-term notes payable 64,500 Total liabilities 128, 941 Equity Common stock, $5 par value 164, 250 Paid-in capital in excess of par, 39,000 common stock Retained earnings 184, 350 Total liabilities and equity $516, 541 $ 74,500 51,625 252,800 2,025 380,950 109,000 (46,500) $443,450 $116, 175 6,200 122, 375 49,750 172, 125 151, 250 0 120,075 $443,450 FORTEN COMPANY Income Statement For Current Year Ended December 31 Sales $587,500 Cost of goods sold 286,000 Gross profit 301,500 Operating expenses Depreciation $ 21,750 expense Other expenses 133,400 155, 150 Other gains (losses) Loss on sale of (6, 125) equipment Income before taxes 140, 225 Income taxes expense 25,650 Net income $114,575 Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $6,125 (details in b). b. Sold equipment costing $49,875, with accumulated depreciation of $31,125, for $12,625 cash. c. Purchased equipment costing $97,375 by paying $32,000 cash and signing a long-term note payable for the balance. d. Borrowed $4,100 cash by signing a short-term note payable. e. Paid $50,625 cash to reduce the long-term notes payable. f. Issued 2,600 shares of common stock for $20 cash per share. g. Declared and paid cash dividends of $50,300. Problem 12-3A Indirect: Statement of cash flows LO A1, P2, P3 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 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations: Cash flows from investing activities Cash flows from financing activities: Net increase (decrease) in cash Cash balance at December 31, prior year Cash balance at December 31, current year