Refer to the information reported about Golden Corporation in Problem.
In Problem

Additional Information on Year 2015 Transactions
a. Purchased equipment for $36,000 cash.
b. Issued 12,000 shares of common stock for $5 cash per share.
c. Declared and paid $89,000 in cash dividends.
Required
Prepare a complete statement of cash flows using a spreadsheet as in Exhibit 16A.1; report operating activities under the indirect method. Identify the debits and credits in the Analysis of Changes columns with letters that correspond to the following list of transactions and events.
a. Net income was $136,000.
b. Accounts receivable increased.
c. Inventory increased.
d. Accounts payable increased.
e. Income taxes payable increased.
f. Depreciation expense was $54,000.
g. Purchased equipment for $36,000 cash.
h. Issued 12,000 shares at $5 cash per share.
i. Declared and paid $89,000 of cash dividends.

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GOLDEN CORPORATION Comparative Balance Sheets December 31,2015 and 2014 2015 2014 Assets Cash Accounts reccivable nventory Total current assets Equipment Accum. depreciation Equipment(158,000) (104,000) $ 164,000 $107,000 71,000 601,000 526,000 848,000 704,000 335,000 299,000 83,000 GOLDEN CORPORATION Income Statement For Year Ended December 31,2015 Liabilities and Equity Accounts payable.. Income taxes payable Total current liabilities $ 87,000 71,000 25,000 96,000 28,000 115,000 Sales 00Cost of goods sold. . $1,792,000 1,086,000 706,000 Equity Common stock, $2 par value Paid-in capital in excess Operating expenses 592,000 68,000 Depreciation expense 54,000 Other expenses 494,000 548,000 158,000 of par value, common stock... Retained earnings. Total liabilities and equity 96,000 60,000 Income before taxes 22,000 75,000 Income taxes expense . $1.025,000 $899,000 Net income .. I 36,000