Required information [The following information applies to the questions displayed beiow.] Forten Company's current year income statement, comparative balance sheets, and additional information fotlow For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cosh receipts from customers, (3) all purchases of inventory are on credit, and (4) all debits to Accounts Payable reflect cash payments for imventory. Additional Informations on Current Yeor Transactions The loss on the cesh sale of equy preat was 55125 (detais an it Required information [The following information applies to the questions displayed beiow.] Forten Company's current year income statement, comparative balance sheets, and additional information fotlow For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cosh receipts from customers, (3) all purchases of inventory are on credit, and (4) all debits to Accounts Payable reflect cash payments for imventory. Additional Informations on Current Yeor Transactions The loss on the cesh sale of equy preat was 55125 (detais an it