1. Prepare a complete statement of cash flows using the indirect method for the current year

2. Prepare a complete statement of cash flows using the direct method for the current year

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Required information [The following information applies to the questions displayed below.] Golden Corporation's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Recelvable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) any change in income Taxes Payable reflects the accrual and cash payment of taxes. Additional Information on Current Year Transoctions 0. Putchased equipment for $56,300 cash b. Ksued 13,200 states of common stock for 55 cash pet shate c. Deciared and paid $101,000 in cash dividends. Required: Prepare a complete statement of ciash flows using the direct method for the current year. (Amounte to be dieducted should be Indicated with o minus sign.)