$4$peinsthe year,$(1)$ all gates are credin siles,$(2)$ all credits to Accourts Receivale reflect cash receipts from customers,$(3)$ al purchases of inventory ere on oredi?$14)$ al debits to Accouns Payabie reflect cash peyments for inentory, and$(5)$ ary change in iscome Taxes Poyable reflects the acorval and cash payment of laxes

Additional Information on Curnent Year Transactions

a$.$ Purchased equipment for $$47,$

b$.$ issued $12,700$ shares of common stock for $$5$ cash per shave.

c$.$ Deciered and peid $$96\mathrm{.}000$ in cesh fividends.

Required:

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

Note: Amounts to be deducted should be indicated with a minus sign.

$\backslash$table$[[$GOLDEN CORPORATION$],[$Statement of Cash Flows$],[$For Current Year Ended December $31],[$Cash flows from operating activites$],[$Net income$],[$Adjustments to reconcile net income to net cash provided by operations:$],[$Income statement items not affecting cash$],[$Depreciation expense$],[$Changes in current assets and current liablities$],[$Increase in accounts receivable,,$],[$Decrease in inventory$],[$Decrease in accounts payable$],[$Decrease in taxes peyable$],[,s,0],[$Cash flows from imesting activities$],[$Cash paid for equipment$],[,,0],[$Cash flows from financing activities:$],[$Cash received from stock issuance$],[$Cash paid for cash dividends$],[,,0],[$Net increase $($decrease$)$ in cash,s$,0],[$Cash balance at December $31,$ prior year$],[$Cash balance at December $31,$ current year,$$,0]]$