Required: $1.$ Prepare a complete statement $of$ cash flows using the indirect method for the current year. Note: Enter amounts $tobe$ deducted $as$ negative values. Forten Company'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, and $(4)$ all debits $to$ Accounts Payable reflect cash payments for inventory.FORTEN COMPANY Income Statement For Current Year Ended December $31$Other gains $(losses)FORTEN$ COMPANY Comparative Balance Sheets December $31$

Additional Information $on$ Current Year Transactions

$a.$ The loss $on$ the cash sale $of$ equipment was $$24,125b$ $$103,875,$ with accumulated depreciation $of$ $$49,125,$ for $$30,625$ cash.

$c.$ Purchased equipment costing $$115,375by$ paying $$68,000$ cash and signing a long$-$term notes payable for the

balance.

$d.$ Paid $$53,725$ cash $to$ reduce the long$-$term notes payable.

$e.$ Issued $4,400$ shares $of$ common stock for $$20$ cash per share.

$f.$ Declared and paid cash dividends $of$ $$53,900.$