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$[$The following information applies to the questions displayed below.$]$

Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, really need help with this chart. thanks in advance

$(1)$ 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.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{4\}\{|$l$|\}\{$FORTEN COMPANY Income Statement$\}\backslash \backslash$

$\backslash$hline Sales & & $\backslash$$ & $642,500\backslash \backslash$

$\backslash$hline Cost of goods sold & & & $297,000\backslash \backslash$

$\backslash$hline Gross profit & & & $345,500\backslash \backslash$

$\backslash$hline Operating expenses $($excluding depreciation$)$ & $\backslash$$ $144,400$ & & $\backslash \backslash$

$\backslash$hline Depreciation expense & $32,750$ & & $177,150\backslash \backslash$

$\backslash$hline Other gains $($losses$)$ & & & $\backslash \backslash$

$\backslash$hline Loss on sale of equipment & & & $\backslash ((17,125)\backslash )\backslash \backslash$

$\backslash$hline Income before taxes & & & $151,225\backslash \backslash$

$\backslash$hline Income taxes expense & & & $41,050\backslash \backslash$

$\backslash$hline Net income & & $\backslash$$ & $110,175\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

FORTEN COMPANY

Comparative Balance Sheets

December $31$

Current Year Prior Year

FORTEN COMPANY Comparative Balance Sheets December $31$

Current Year Prior Year Assets Cash $ $67,900$ $ $85,500$ Accounts receivable $83,89062,625$ Inventory $293,656263,800$ Prepaid expenses $1,3302,135$ Total current assets $446,776414,060$ Equipment $145,500120,000$ Accumulated depreciation$-$Equipment $(42,625)(52,000)$ Total assets $ $549,651$ $ $482,060$ Liabilities and Equity Accounts payable $ $65,141$ $ $132,675$ Long$-$term notes payable $72,60069,150$ Total liabilities $137,741201,825$ Equity Common stock, $$5$ par value $180,750162,250$ Paid$-$in capital in excess of par, common stock $55,5000$ Retained earnings $175,660117,985$ Total liabilities and equity $ $549,651$ $ $482,060$

Additional Information on Current Year Transactions

a$.$ The loss on the cash sale of equipment was $$17,125($details in b$).$

b$.$ Sold equipment costing $$82,875,$ with accumulated depreciation of $$42,125,$ for $$23,625$ cash.

c$.$ Purchased equipment costing $$108,375$ by paying $$54,000$ cash and signing a long$-$term notes payable for the balance.

d$.$ Paid $$50,925$ cash to reduce the long$-$term notes payable.

e$.$ Issued $3,700$ shares of common stock for $$20$ cash per share.

f$.$ Declared and paid cash dividends of $$52,500.$

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Prepare a complete statement of cash tlows using a spreadsheet using the indirect method.

Note: Enter all amounts as positive values.

Check my work

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Operating activities $\backslash \backslash ----\backslash$ Investing activities P $--$ Financing activities $--$ Non cash investing and financing activities Purchase of equipment financed by long$-$term notes payable $ $0$ $ $0$