$[$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. $\backslash$table$[[\backslash$table$[[$FORTEN COMPANY$],[$Comparative Balance Sheets$],[$December $31]],$Current Year,Prior Year$],[],[$Cash$,$$$72,400,$$$88,500],[$Accounts receivable,$88,420,65,625],[$Inventory$,298,156,266,800],[$Prepaid expenses,$1,360,2,195],[$Total current assets,$460,336,423,120],[$Equipment$,142,500,123,000],[$Accumulated depreciation$-$Equipment,$(44,125),(53,500)],[$Total assets,$$558,711,$$$492,620],[$Liabilities and Equity,,$],[$Accounts payable,$$68,141,$$$137,175],[$Long$-$term notes payable,$72,000,72,750],[$Total liabilities,$140,141,209,925],[$Equity$,,],[$Common stock, $$5$ par value,$185,250,165,250],[$Paid$-$in capital in excess of par, common stock,$60,000,0],[$Retained earnings,$173,320,117,445],[$Total liabilities and equity,$$558,711,$$$492,620]]$

Additional Information on Current Year Transactions

a$.$ The loss on the cash sale of equipment was $$20,125($details in $b).$

b$.$ Sold equipment costing $$91,875,$ with accumulated depreciation of $$45,125,$ for $$26,625$ cash.

c$.$ Purchased equipment costing $$111,375$ by paying $$60,000$ cash and signing a long$-$term notes payable for the balance.

d$.$ Paid $$52,125$ cash to reduce the long$-$term notes payable.

e$.$ Issued $4,000$ shares of common stock for $$20$ cash per share.

f$.$ Declared and paid cash dividends of $$53,100.$ Required:

Prepare a complete statement of cash flows using the indirect method for the current year.

Note: Amounts to be deducted should be indicated with a minus sign. Required 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 Information on Current Year Transactions

a$.$ The loss on the cash sale of equipment was $$20,125($details in $b).$

b$.$ Sold equipment costing $$91,875,$ with accumulated depreciation of $$45,125,$ for $$26,625$ cash.

c$.$ Purchased equipment costing $$111,375$ by paying $$60,000$ cash and signing a long$-$term notes payable for the

balance.

d$.$ Paid $$52,125$ cash to reduce the long$-$term notes payable.

e$.$ Issued $4,000$ shares of common stock for $$20$ cash per share.

f$.$ Declared and paid cash dividends of $$53,100.$

Required:

Prepare a complete statement of cash flows using the indirect method for the current year.

Note: Amounts to be deducted should be indicated with a minus sign.