Required information The following information applies to the questions dispiaynd beiouk] Forten Companys current year income statement, comparatwe balance sheets, and additonal information follow. for the Year, (7) all soles ore crean sales, (2) atf credits to Accounts flecelvable reflect cash receipts from customers, (3) all purchases of imentory are on credic, and (4) al debits to Accounts Payble reflect cosh payments for inventory. Additional Information on Current Year Transections balance. d. Paid 566125 con to reduce the knaterm notes payabe. e. Swued 2,500 shures of cominon stock for $20 cenh per share. f. Declared and paid caph tividends of $50.00