Required informotion Use the following information for the Problems below. (Algo) [The following information 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 sales, (2) all credits to Accounts Receivable reflect cash receipts from customers. (3) all purchases of inventory are on credit, and (4) all debits to Accounts Payable feffect cash payments for inventory. Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $19,125 (detais in b) b. Sold equipment costing $88,875, with accumulated depreciotion of $44,125, for $25,625 cash. c. Purchesed equipment costing $110,375 by paying $58,000 cash and signing a long-term notes payable for the balance. d. Paid $51,725 cosh to reduce the long-term notes payable. e. Issued 3,900 shores of common stock for $20 cash per share f. Declared and pald cash dividends of $52,900 e. Issued 3,900 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $52,900 | Problem 12-3A (Algo) Indirect: Statement of cash flows LO A1, P2, P3 Required: 1. Prepare a complete stotement of cash flows using the indirect method for the current year. Note: Amounts to be deducted should be indiceted with o minus sion