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Use the following information for the Problems below. Forten Company, a merchandiser, recently completed its calendar-year 20FORTEN COMPANY Income Statement For Year Ended December 31, 2017 Sales $622,500 Cost of 293,000 goods sold Gross profit 329,5Problem 16-5AB Direct: Statement of cash flows LO P1, P3, P5 Required: Prepare a complete statement of cash flows; report its

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FORTEN COMPANY Statement of Cash Flows For year Ended December 31,2017 Cash flows from operating activities: Cash received fr

Working Notes: 1) Cash Received from the customer Account receivable as on December 31, 2016 58,625 Add: Sales during the yea

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