Required Information

$[$The following information applies to the questions displayed below.$]$

Forten Compony's current year income statement, comporative bolance sheets, and additionsl informstion follow. For the

purchases of inventory are on credit, and $(4)$ all deblts to Accounts Psysble refiect cash poyments for inventory$-$

Additional Information on Current Year Transactlons

a$.$ The loss on the cesh sale of equipment wes $$2,125($detsils in $6).$

b$.$ Sold equlpment coating $$94,875,$ with sccumulated depreclation of $$46,125,$ for $$27,625$ cosh$.$

c$.$ Purchased equlpment costing $$112,375$ by poying $$62,000$ cash and signing o langterm notes pryable for the

bolance.

d$.$ Paid $$52,525$ cash to reduce the long term notes poyoble.

e$.$ lasued $4,100$ shares of common stock for $$20$ cosh per share

$f.$ Declared and poid cash dividends of $$53,300.$