https://getproctorio.com/secured#lockdown Proctoring Enabled: Chapter 12 Homework Problem i 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. . Purchased equipment costing $96,375 by paying $30,000 cash and signing a long-term notes payable fo balance 11 points d. Paid $46,125 cash to reduce the long-term notes payable. e. Issued 2,500 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $50,100. Book Required: 1. Prepare a complete statement of cash flows using the indirect method for the current year. Print Note: Amounts to be deducted should be indicated with a minus sign. References FORTEN COMPANY Statement of Cash Flows For Current Year Ended December 31 Cash flows from operating activities Net income $ 114,975 Adjustments to reconcile net income to net cash provided by operations: Income statement items not affecting cash Loss on disposal of equipment 5,125 Changes in current assets and current liabilities 23,856 $ 96,244 Cash flows from investing activities Cash received from sale of equipment 11,625 Cash paid for equipment (30,000) Cash flows from financing activities: (18,375) Cash paid on long-term notes