why the answer is not complete?

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. $582,500 285,000 297,500 FORTEN COMPANY Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) $132,400 Depreciation expense 20,750 Other gains (losses) Loss on sale of equipment Income before taxes Income taxes expense Net income 153, 150 (5,125) 139,225 24,250 $ 114,975 FORTEN COMPANY Comparative Balance Sheets December 31 Current Year Prior Year Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets $ 49,800 65,810 275,656 1,250 392,516 157,500 (36,625) $513,391 $ 73,500 50,625 251,800 1,875 377,800 108,000 (46,000) $439,800 FORTEN COMPANY Comparative Balance Sheets December 31 Current Year Prior Year $ 49,800 65,810 275,656 1,250 392,516 157,500 (36,625) $513,391 $ 73,500 50,625 251,800 1,875 377,800 108,000 (46,000) $ 439,800 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term notes payable Total liabilities Equity Common stock, $5 par value Paid-in capital in excess of par, common stock Retained earnings Total liabilities and equity $ 53, 141 10,000 63,141 65,000 128, 141 $114,675 6,000 120, 675 48,750 169,425 162, 750 37,500 185,000 $513, 391 150, 250 0 120, 125 $ 439,800 Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $5,125 (details in b). b. Sold equipment costing $46,875, with accumulated depreciation of $30,125, for $11,625 cash. c. Purchased equipment costing $96,375 by paying $30,000 cash and signing a long-term note payable for the balance. d. Borrowed $4,000 cash by signing a short-term note payable. Required: Prepare a complete statement of cash flows using a spreadsheet using the indirect method. (Enter all amounts as positive Answer is not complete. FORTEN COMPANY Spreadsheet for Statement of Cash Flows For Current Year Ended December 31 Analysis of Changes December 31, Prior Year Debit Credit December 31, Current Year Balance sheet-debit Cash $ $ 49,800 $ 15,185 65,810 23,856 275,656 Accounts receivable Inventory Prepaid expenses Equipment 73,500 50,625 251,800 1,875 108,000 485,800 $ 625 96,375 46,875 1,250 157,500 550,016 $ $ $ 20,750 $ Balance sheet-credit Accumulated depreciation Equipment Accounts payable Short-term notes payable 46,000 114,675 30,125 61,534 36,625 53,141 10,000 6,000 4,000 Inno torm notae novohla 18 750 50 125 90 275 05 on f. Issued 2,500 shares of common stock for $20 cash per share. g. Declared and paid cash dividends of $50,100. Required: 1. Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts to be indicated with a minus sign.) FORTEN COMPANY Statement of Cash Flows For Current Year Ended December 31 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations: Income statement items not affecting cash Changes in current assets and current liabilities 50,125 48,750 150,250 Long-term notes payable Common stock, $5 par value Paid-in capital in excess of par value, common stock Retained earnings 66,375 12,500 37,500 114,975 0 65,000 162,750 37,500 185,000 550,016 50,100 120,125 485,800 $ Statement of cash flows Operating activities Net income 114,975 Increase in accounts receivable 15,185 23,856 625 Increase in inventory Decrease in prepaid expenses Decrease in accounts payable Depreciation expense Loss on sale of equipment 61,534 20,750 5,125 Investing activities Receipt from sale of equipment Payment to purchase equipment 11,625 30,000 Investing activities Receipt from sale of equipment Payment to purchase equipment 11,625 30,000 Financing activities Borrowed on short-term note 4,000 50,125 Payment on long-term note Issued common stock for cash 50,000 Payment of cash dividends 50,100 Non cash investing and financing activities Purchase of equipment financed by long-term note payable 66,375 $ 600,775 $ 534,400