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

2. Prepare a complete statement of cash flows using the direct method.

(both pictures are the same question)

Forten Company's current year income statement, comparative balance sheets, and additional information fo year. (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash recelpts from customers, (3) purchases of inventory are on credit, and (4) all debits to Accounts Pavahla wai . .ash payments for inventon Additional Informotion on Current Year Transections a. The loss on the cash sale of equipment was $17,125 (detalk in bo). b. Sold equipment costing $82,875, with accumulated depreclation of $42.125, for 523.625cash. c. Purchused equipment costing $108,375 by paying $54,000 cash and signing a long term notes payable for the balance. d. Paid $50,925 cash to reduce the long term notes payabie. e. Issued 3700 stares of common stock for $20 cosh per share. f. Declared and pait cash dividends of 552500 Required: Prephre a complete statement of caith flows using the difect niethodi. (Amounts to be deducted thould be indicated with a minus sign.)