5. [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 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. Assets Cash Accounts receivable Inventory Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Total current liabilities Equity Common stock, $2 par value Paid-in capital in excess of par value, common stock Retained earnings Total liabilities and equity GOLDEN CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income Award: 5.00 points GOLDEN CORPORATION Comparative Balance Sheets December 31, Balance sheet-debit balance accounts Cash Accounts receivable Inventory Equipment Balance sheet-credit balance accounts Accumulated depreciation Equipment Accounts payable Income taxes payable Statement of cash flows Operating activities Common stock, $2 par value Paid-in capital in excess of par value, common stock Retained earnings Investing activities Additional Information on Current Year Transactions a Purchased equipment for $52,900 cash. b. Issued 13,000 shares of common stock for $5 cash per share. c. Declared and paid $99,000 in cash dividends. Financing activities $ $ 1,842,000 1,096,000 746,000 504,000 GOLDEN CORPORATION Spreadsheet for Statement of Cash Flows For Current Year Ended December 31 December 31, Prior Year $ 54,000 188.000 36,000 $ 152,000 $ Required: Prepare a complete statement of cash flows using a spreadsheet under the indirect method. Note: Enter all amounts as positive values. $ 118.000 81,000 Current Year 309,000 1,044,000 109.000 81,000 30.100 578,000 175,000 70.900 1,044,000 $ 174,000 98,000 616,000 888,000 S 361,900 (163,000) $ 1,086,900 $ 107,000 38,000 145.000 604,000 214,000 123,900 $ 1,086,900 $ 118,000 81,000 536,000 735,000 309,000 (109,000) $935,000 0$ Analysis of Changes Credit $ 81,000 30,100 111,100 578,000 175,000 70,900 $ 935,000 December 31. Current Year S S $ 174.000 174,000

The foocunteg inkarmetiovt apovies to the gues fions oleqieped bevond? income Thers Peyable reflects the accrual ant cash geyment of iewes Adstional Imformetion on Current Year Trartsactions 2. Purthased ecuipriert for $52900 cash a. Hsued 13.000 shares of cammon stock for $5 cash per share. + Decilied ahd paie \$pa oba in cash dyidends Requan: Prepore a oompike stakmene of cazah fows using a spreadsheot under the indrwcr mothod. Notes Enter all amounts as posihe values. The foocunteg inkarmetiovt apovies to the gues fions oleqieped bevond? income Thers Peyable reflects the accrual ant cash geyment of iewes Adstional Imformetion on Current Year Trartsactions 2. Purthased ecuipriert for $52900 cash a. Hsued 13.000 shares of cammon stock for $5 cash per share. + Decilied ahd paie \$pa oba in cash dyidends Requan: Prepore a oompike stakmene of cazah fows using a spreadsheot under the indrwcr mothod. Notes Enter all amounts as posihe values