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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 $ 622,500 293,000 329,500 Sales Cost of goods sold Gross proProblem 16-3A Indirect: Statement of cash flows LO A1, P1, P2, P3 Required: 1. Prepare a complete statement of cash flows; reFORTEN COMPANY Statement of Cash Flows For Year Ended December 31, 2017 Cash flows from operating activities Adjustments to r

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Statement of Carh Flouws for year Ended December 31, 2017 Cash flods taorm opecating activities Net Income $111,75 AdjutmentsCal culation: Snerease n acuounts receivable S7985t-05att $ 19,225 Prerease in in ventoy 287,656 427, 856 259,800 Decrease i

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