4. 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 Receivable 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.

GOLDEN CORPORATION
Comparative Balance Sheets
December 31
	Current Year	Prior Year
Assets
Cash	$ 176,000	$ 120,200
Accounts receivable	101,000	83,000
Inventory	619,000	538,000
Total current assets	896,000	741,200
Equipment	367,300	311,000
Accumulated depreciationEquipment	(164,000)	(110,000)
Total assets	$ 1,099,300	$ 942,200
Liabilities and Equity
Accounts payable	$ 111,000	$ 83,000
Income taxes payable	40,000	31,100
Total current liabilities	151,000	114,100
Equity
Common stock, $2 par value	606,400	580,000
Paid-in capital in excess of par value, common stock	217,600	178,000
Retained earnings	124,300	70,100
Total liabilities and equity	$ 1,099,300	$ 942,200

GOLDEN CORPORATION
Income Statement
For Current Year Ended December 31
Sales	$ 1,852,000
Cost of goods sold	1,098,000
Gross profit	754,000
Operating expenses (excluding depreciation)	506,000
Depreciation expense	54,000
Income before taxes	194,000
Income taxes expense	38,800
Net income	$ 155,200

Additional Information on Current Year Transactions

1. Purchased equipment for $56,300 cash.
2. Issued 13,200 shares of common stock for $5 cash per share.
3. Declared and paid $101,000 in cash dividends.

4A. Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.)

4B. Prepare a complete statement of cash flows using a spreadsheet under the indirect method. (Enter all amounts as positive values.)