Requlred Information [The following information opplies to the questions displayed below.] Forten Compony's current year income statement, comporative bolance sheets, and additionel information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purcheses of inventory are on credit, and (4) all debits to Accounts Payoble reflect cash payments for inventory. Additlonal Informatlon on Current Year Transactions a. The loss on the cosh sale of equipment wes $5,125 (deteils in b). b. Sold equipment costing $46,875, with occumulated depreciotion of $30,125, for $11,625 cash. c. Purchesed equipment costing $96,375 by poying $30,000 cash and signing a long-term notes poyble for the balonce. d. Prid $46,125 cush to reduce the long-term notes poyble. e. Issued 2,500 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $50,100. Required: 1. Prepore a complete statement of cosh flows using the indirect method for the current year. (Amounts to be deducted should be Indicated with a minus sign.)