Required information The following information opplies to the questions disployed below] Forten Company's current yeor income stotement, comporotive balance sheets, ond odditional information follow, For the yeor, (1) all soles are credit soles, (2) oll credits to Accounts Receivoble reflect cosh receipts from customers, (3) all purcheses of inventory are on credit, and (4) oll debits to Accounts Payoble reflect cosh poyments for inventory. Additional Information on Current Year Transactions a. The loss on the cosh sale of equipment was $5,12.5 (deteils in b). b. Sold equipment costing $46,875, with occumuloted depreciotion of $30,125, for $11625 cosh. c. Purchosed equipment costing $96,375 by poying $30,000 cosh snd signing o long-term notes poyoble for the bolonce. d. Paid $46,125 cosh to reduce the long-term notes poyoble. e. Issued 2500 shares of common stock for $20 cash per share 1. Declored and poid cash dividends of $50,500. Requtred: Prepore o complete sto:ement of cosh flows using the direct method Note-Amounts to be deducted should be indicated with a minus sign