Required information The following intomation apgiles to ene questions disgloyed below? Foten Compary's current year income statement, compstat ve balance sheels, and ooditional information follow. For the year. (1) all sales are credit sales. (2) all credirs to Accounts Receivable rethect cash rece pts from cuntomiers. (Ai) all purcheses of invantory are on credit, and i4) all debits to Accounts Payabe reflect cash poyments for inventocy: Additional information on Current Year Transactions a. The loss on the cash sale of nquipment was $5.125 (details in b. b. Sold equipmens cosung $46,875, with accumuiated deprecistion of $30125. for $11625 cash. c. Puichased ecu pment costing $96,375 by poyeng $30,000 casin and signing a longterm notes payabie for thes balance. d. Paid $46.125 cosh to reduce the long-term notes payabie e. Igsued 2.500 shares of common stock for $20 cash per shore f. Declared and paid cash dividends of $50400 Additional Information on Current Year Transactions 0. The loss on the cash sole of equipmeat was $5,125 (details in b) b. Sold equlpment costing $46,875 with accumulated depreciation of $30,25, for $11,625 cash c. Purchased cqupment costing $96975 by pay ng $30,000 cash and signing a long-term notes payable for the balance d. Paid $46125 cash to reduce the longtemn notes payable e. lssued 2.500 shares of common stock for $20 tash per share. 1. Declared and paid casn divicends of 550200 . Required: Prepord a complete stotement of cash flows using the cirect merhod Note: Amounts to be deducted should be indicated with a minus sign