Requlred Information [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 reflect cash payments for inventory. Additional Informetion on Current Year Transections a. The loss on the cash sale of equipment was $6,125 (details in b ). b. Sold equipment costing $49,875, with accumulated depreciation of $31,125, for $12,625 cash. c. Purchased equipment costing $97,375 by paying $32,000 cash and signing a long-term notes payable for the balance. d. Paid $46,525 cash to reduce the long-term notes payable. e. Issued 2,600 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $50,300. (1) Required information \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Spreadsheet for Statement of Cash Flows } \\ \hline \multicolumn{5}{|c|}{ For Current Year Ended December 31} \\ \hline & December31,PriorYear & \multicolumn{2}{|c|}{ Analysis of Changes } & December31,CurrentYear \\ \hline \multicolumn{5}{|l|}{ Balance sheet-debit } \\ \hline Cash & 74,500 & & & 51,400 \\ \hline Inventory & 252,800 & & & \\ \hline Prepaid expenses & 2,025 & & & \\ \hline \multirow[t]{2}{*}{ Equipment } & 109,000 & & & \\ \hline & 489,850 & & & \\ \hline \multicolumn{5}{|l|}{ Balance sheet-credit } \\ \hline Common stock, \$5 par value & 151,250 & & & \\ \hline Paid-in capital in excess of par value, common stock & 0 & & & \\ \hline \multirow[t]{2}{*}{ Retained earnings } & 120,075 & & & \\ \hline & 489,850 & & & \\ \hline \multicolumn{5}{|l|}{ Statement of cash flows } \\ \hline \multicolumn{5}{|l|}{ Operating activities } \\ \hline \\ \hline \\ \hline \\ \hline \multicolumn{5}{|l|}{ Investing activities } \\ \hline \\ \hline \multicolumn{5}{|l|}{7} \\ \hline \multicolumn{5}{|l|}{7} \\ \hline \multicolumn{5}{|l|}{ Financing activities } \\ \hline \\ \hline \multicolumn{5}{|l|}{=} \\ \hline & & & & \\ \hline & & & & \\ \hline Non cash investing and financing activities & & & & \\ \hline Purchase of equipment financed by long-term notes payable & & & & \\ \hline & & & & \\ \hline \end{tabular}