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Required information [The following informotion applies to the questions displayed below.] Forten Company's current year income statement, comparative balance sheets, and additional information follow. For

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Required information [The following informotion 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 eales, (2) all credite to Accounts Recelvable refiect cash recelpts from customers, (3) all purchases of Inventory are on credit, and (4) all deblto to Accounts Payable reflect cash payments for inventory. Additional Information on Current Year Tranzoctions a. The loss on the cssh sa e of equipment wos $22,125 (detalis in b). b. Sold equlement costing $97,875, with accumulated depreclation of $47,125, for $28,625csah. c. Furensced equpment costing \$113,375 by psying $64,000 cssh snd signing s ongterm notez paysbe for the celsince: d. Fsld $52,925 cssh te reduce the ongterm noted psysble. e. Lsued 4,200 sheres of common stock for $20cs ah per ahere. f. Decesee and peid cash dividendes of $53,500, Required: 1. Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts tol) Indicated with a minus sign.)

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