Question: only the yellow lines need answers value 2.50 points Problem 16-3A Indirect: Statement of cash flows LO A1, P1, P2, P3 Forten Company, a merchandiser,

 only the yellow lines need answers value 2.50 points Problem 16-3A

Indirect: Statement of cash flows LO A1, P1, P2, P3 Forten Company,

a merchandiser, recently completed its calendar.year 2015 operations. For the year(1) all

salos are credit sales, (2) all credits to Accounts Receivable refiect cash

receipts from customers s from customers, (3) all purchases of inventory are

on credit, (4) all debits to Acoounts Payable reflect cash payments for

inventory and (5) Other Expenses income statement and balance sheets follow. and

only the yellow lines need answers

value 2.50 points Problem 16-3A Indirect: Statement of cash flows LO A1, P1, P2, P3 Forten Company, a merchandiser, recently completed its calendar.year 2015 operations. For the year(1) all salos are credit sales, (2) all credits to Accounts Receivable refiect cash receipts from customers s from customers, (3) all purchases of inventory are on credit, (4) all debits to Acoounts Payable reflect cash payments for inventory and (5) Other Expenses income statement and balance sheets follow. and (5) Otner Expenses are paid in advance and areintally debied to Prepaid Expenses. The company' are paid in advance and are initially debited to Prepaid Expenses. The company's FORTEN COMPANY Comparative Balance Sheets December 31, 2015 and 2014 2015 2014 Assets Cash S 49.800 73,500

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