Required information [The following information applies to the 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, and (4) all debits to Accounts Payable reflect cash payments for inventory. Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $23,125 (details in b ). b. Sold equipment costing $100,875, with accumulated depreciation of $48,125, for $29,625 cash. c. Purchased equipment costing $114,375 by paying $66,000 cash and signing a long-term notes payable for the balance. d. Paid $53,325 cash to reduce the long-term notes payable. e. Issued 4,300 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $53,700. Required: Prepare a complete statement of cash flows using a spreadsheet using the indirect method. Note: Enter all amounts as positive values. M13 Homework i Saved Help Save \& Exit Subr Check my worl Required information Part 2 of 2 10 points Skipped eBook Print References \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ FORTEN COMPANY } \\ \hline \multicolumn{7}{|c|}{ Spreadsheet for Statement of Cash Flows } \\ \hline \multicolumn{7}{|c|}{ For Current Year Ended December 31} \\ \hline & \multirow{2}{*}{\multicolumn{2}{|c|}{\begin{tabular}{c} December 31, Prior \\ Year \end{tabular}}} & \multicolumn{2}{|c|}{ Analysis of Changes } & \multirow{2}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} December 31, \\ Current Year \end{tabular}}} \\ \hline & & & Debit & Credit & & \\ \hline \multicolumn{7}{|l|}{ Balance sheet-debit } \\ \hline Cash & $ & 91,500 & & & $ & 76,900 \\ \hline Accounts receivable & & 68,625 & & & & \\ \hline Inventory & & 269,800 & & & & \\ \hline Prepaid expenses & & 2,255 & & & & \\ \hline \multirow[t]{2}{*}{ Equipment } & & 126,000 & & & & \\ \hline & $ & 558,180 & & & $ & 76,900 \\ \hline \multicolumn{7}{|l|}{ Balance sheet-credit } \\ \hline Accumulated depreciation-Equipment & $ & 55,000 & & & & \\ \hline Accounts payable & & 141,675 & & & & \\ \hline Long-term notes payable & & 76,350 & & & & \\ \hline Common stock, $5 par value & & 168,250 & & & & \\ \hline Paid-in capital in excess of par value, common stock & & 0 & & & & \\ \hline \multirow[t]{2}{*}{ Retained earnings } & & 116,905 & & & & \\ \hline & $ & 558,180 & & & $ & 0 \\ \hline Statement of cash flows & & & & & & \\ \hline \end{tabular} M13 Homework i Saved Help Save \& Exit Submit Check my work Part 2 of 2 10 points Skipped eBook Required information