Required information [The following informotion opplies to the questions disployed below] Forten Compony's current year income statement, comparative balance sheets, and additional information follow. For the yeor, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchsses of inventory are on credit, and (4) all debits to Accounts Payable reflect cosh payments for inventory. Additional Information on Current Year Transactions a. The loss on the cosh sele of equipment was $22,125 (deteils in b ). b. Sold equipment costing $97,875, with occumulated depreciation of $47,125, for $28,625cosh. c. Purchssed equipment costing $113,375 by poying $64,000 cosh and signing a long-term notes poyable for the belance. d. Poid $52,925 cosh to reduce the long-term notes poysble. e. Issued 4,200 shares of common stock for $20 cssh per share. f. Declared and paid cash dividends of $53,500. Required: Prepsre s complete statement of cosh flows using the clirect methoo. Note-Amounte to he rledurterl should he Indirated with a minus sinn Required information [The following informotion opplies to the questions disployed below] Forten Compony's current year income statement, comparative balance sheets, and additional information follow. For the yeor, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchsses of inventory are on credit, and (4) all debits to Accounts Payable reflect cosh payments for inventory. Additional Information on Current Year Transactions a. The loss on the cosh sele of equipment was $22,125 (deteils in b ). b. Sold equipment costing $97,875, with occumulated depreciation of $47,125, for $28,625cosh. c. Purchssed equipment costing $113,375 by poying $64,000 cosh and signing a long-term notes poyable for the belance. d. Poid $52,925 cosh to reduce the long-term notes poysble. e. Issued 4,200 shares of common stock for $20 cssh per share. f. Declared and paid cash dividends of $53,500. Required: Prepsre s complete statement of cosh flows using the clirect methoo. Note-Amounte to he rledurterl should he Indirated with a minus sinn