Refer to the information reported about Golden Corporation in Problem 16-4A.

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. Merchandise 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.