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. FORTEN COMPANY Comparative Balance Sheets December 31 Current Year Prior Year Assets Cash $ 70,900 $ 87,500 Accounts receivable 86,910 64,625 Inventory 296,656 265,800 Prepaid expenses 1,350 2,175 Total current assets 455,816 420,100 Equipment 143,500 122,000 Accum. depreciationEquipment (43,625 ) (53,000 ) Total assets $ 555,691 $ 489,100 Liabilities and Equity Accounts payable $ 67,141 $ 135,675 Short-term notes payable 14,200 8,800 Total current liabilities 81,341 144,475 Long-term notes payable 58,000 62,750 Total liabilities 139,341 207,225 Equity Common stock, $5 par value 183,750 164,250 Paid-in capital in excess of par, common stock 58,500 0 Retained earnings 174,100 117,625 Total liabilities and equity $ 555,691 $ 489,100 FORTEN COMPANY Income Statement For Current Year Ended December 31 Sales $ 652,500 Cost of goods sold 299,000 Gross profit 353,500 Operating expenses Depreciation expense $ 34,750 Other expenses 146,400 181,150 Other gains (losses) Loss on sale of equipment (19,125 ) Income before taxes 153,225 Income taxes expense 43,850 Net income $ 109,375 Additional Information on Current Year Transactions The loss on the cash sale of equipment was $19,125 (details in b). Sold equipment costing $88,875, with accumulated depreciation of $44,125, for $25,625 cash. Purchased equipment costing $110,375 by paying $58,000 cash and signing a long-term note payable for the balance. Borrowed $5,400 cash by signing a short-term note payable. Paid $57,125 cash to reduce the long-term notes payable. Issued 3,900 shares of common stock for $20 cash per share. Declared and paid cash dividends of $52,900. Required: Prepare a complete statement of cash flows using a spreadsheet using the indirect method. (Enter all amounts as positive values.)