Problem 12-3A Indirect: Statement of cash flows A1P2P3 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. Required 1. Prepare a complete statement of cash flows using the indirect method for the current year. Disclose any noncash investing and financing activities in a note. Check Cash from operating activities, \$40,900 Analysis Component 2. Analyze and discuss the statement of cash flows prepared in part 1 , giving special attention to the wisdom of the cash dividend payment. Problem 12-3A Indirect: Statement of cash flows A1P2P3 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. Required 1. Prepare a complete statement of cash flows using the indirect method for the current year. Disclose any noncash investing and financing activities in a note. Check Cash from operating activities, \$40,900 Analysis Component 2. Analyze and discuss the statement of cash flows prepared in part 1 , giving special attention to the wisdom of the cash dividend payment