Forten Company's current year Income statement, comparatlve balance sheets. and addltlonal Informatlon follow For the year, (1) all sales are credlt sales, (2) ell credlts to Accounts Recelvable reflect cash recelpts from customers. (3) all purchases of Inventory are on credlt, (4) all debrs to Accounts Payable reflect cash payments for Inventory, and (5) Other Expenses are pold In advance and are Inltlally deblted to Prepald Expenses. COMPANY ; SS, soo ; 77, soo 71,210 281, 2ss,aoo 410, 818 sag, soo lssr soo 11 z, ooo d epr e e i a onEqu1pt csa,82s) (48,000) ; S7,141 $120, 11,200 u, 841 ISI,S41 E tock, 1S4,2so 48, soo 11 s, 42; 491 Total liab 1 t 81 s, soo ; 24,7so 1 SS, 400 181, Iso 148, us expe Ictal Ictal Liabi 1 itie Short t e Ictal Long t e Ictal li Equ i ty f g oods Oper at ing exp 1, zso Equity s payable s payable and equ It y COMPANY r Ended De eember