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ProBlem 12-3A Indirect: Statement of cash flows LO A1, P1, P2, P3 Additional Informetion on Year 2017 Transactions a. The loss on the cash sale of equipment was $17,125 (detals in tj b. Sold equipment costing $82.875, with accumulated depreciation of $42125, for $23,625 cash 148.03 Purchased equipment costing $108,375 by paying $54,000 cash and signing a long-term note payable for the balance d. Borrowed $5,200 cash by signing a short-term note payable e. Paid $56,125 cash to reduce the long-term notes payable. f. Issued 3,700 shares of common stock for $20 cash per share. g. Declared and paid cash dividends of $52,500 Required: 1. Prepare a complete statement of cash flows; report its operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) FORTEN COMPANY Statement of Cash Flows For Year Ended December 31, 2017 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations Cash flows from investing activities