Requited information Use the following informetion for the Problems below. (Algo) The following information applies to the questions displayed below] Forten Company's current yeat income statement, comparative balance sheets, and additional information follow For the year, [1) all sales are credit sales, (2) all creditsto Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, and (4) all debits to Accounts Payable reflect cash payments for inventory Additional Information on Current Year Trantactions a. The loss on the cach sale of equipment was $16,125 (details in bf b. Sold equipment costinig $79,875, with accumulated depreciation of $41,125, for $22,625 cash. c. Purchased equipment costing $107,375 by paying $52,000 cash and signing a longterm notes payable for the balance d. Paid 550,525 cash to reduce the leng-term notes payable e. 1saied 3,600 shates of common stock for $20 cash pet shate f. Dedared and pard cach dividends of $52,300 Required: 1. Prepare a complete satement of cash flows using the inclrect method for the current year. (Amounts to be deducted should be indicated with a minus sign.) (1) Requited information