Required information

Use the following information for the Problems below. $($Algo$)$

$[$The following informotion opplies to the questions disployed below.$]$

Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the

yeor, $(1)$ all soles are credit sales, $(2)$ all credits to Accounts Receivoble reflect cosh receipts from customers, $(3)$ all

purcheses of inventory are on credit, and $(4)$ all debits to Accounts Poyoble reflect cash payments for inventory.

Additional Information on Current Year Transactions

a$.$ The loss on the cosh sole of equipment was $$18,125($details in $b).$

b$.$ Sold equipment costing $$85,875,$ with sccumulated deprecistion of $$43,125,$ for $$24,625$ cosh$.$

c$.$ Purchesed equipment costing $$109,375$ by poying $$56,000$ cash and signing o long$-$term notes poyable for the

bolence.

d$.$ Poid $$51,325$ cosh to reduce the long$-$term notes poyoble.

e$.$ lssued $3,800$ shares of common stock for $$20$ cosh per shere.

f$.$ Declared and paid cash dividends of $$52,700.$

Problem $16-4$AA $($Algo$)$ Indlrect: Cash flows spreadsheet LO P$4$

Required:

Prepore o complete statement of cosh flows using o spresdsheet using the indirect method.

Note: Enter all amounts as posittive values.

Required:

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

Note: Enter all amounts as positive values.