Prepare Cash Flows usunf the indirect method. Thank you!

Problem 16-3A Indirect: Statement of cash flows p2- p3 Forten Company's current-year income starement, comparative balance sheets, and additional information follow. For the year, (1) all sales are crectit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, and (4) all debits to Accouns Payabie reflect cash payments for inventory. Additional Information on Current-Year Transactions a. The loss an the cash sale of equipment was \$5,125 (details in b). b. Soid equipment casting $46,875, with accumulated depreclation of $30,125, for $11,625 cash. c. Purchased equipment costing $96,375 by paying $30,000 cash and signing a long-term notes payable for the balance. d. Paid \$46,125 cash fo reduce the long-term notes payable. e. Issued 2,500 shares of common stock for $20 cash per share. t. Declared and paid cash dividends of $50,100. Required theck Cash from operating ctivities, 540,900 1. Prepare a complete statement of cash flows using the indirect method for the current year. Disclose any noncash investing and financing activities in a note: Anolysis Component 2. Analyze and discuss the statement of cash flows prepared in part 1, giving special attention to the wisdom of the cash dividend payment. Golden Corp.'s current-year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect eash payments for inveatory, and (5) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. Problem 16-6A Indirect: Statement ot castriows P2 P3 Additional Information on Current-Year Transactions a. Purchased equipment for $36,000 ash. b. Issued 12,000 stares of common stock for \$5 cash per share. c. Declared and paid 589,000 in cash dividends. Required Prepare a complete statement of cash flows using the indirect method for the current year: Check Cash from apent activities, $122,000