Required information (The foliowing infomation epples to the questions dispoyder bolow] Forten Company's current year income statement comparatve balance sheets, and add tionat information follow For the year. (1) all sales are credit sales, (2) all credits to Accounts Receiveble reflect casta receipts from customers, (3) all purchases of inventory are on ciedit, and (4) all debits to Accounts Payabie reflect cash payments for inventory Additional information on Current Year Transactions a. The los5 on the cash sale of equipment was $5.125 (detakis in b. b. Sold eculpment costing $46,875, with accumulated depreciation of $30,125, for $11.625 cash. c. Purchased equipment costing $96,375 by paying $30,000 cast and signing a long-term notes payable for the batance d. Poid $46.125 cost to reduce the long-term notes peyable e. Isswied 2.500. shares of common stock for $20 cash per share f. Deslered and paid casti dividends of $50,100 Requlfed information