Accounts to use

Problem 12-6A Indirect: Statement of cash flows Lo P1, P2, P3 Golden Corp, a merchandiser, recently completed its 2015 operations For the year, (1) all sales are credit sales, 2) all credits to Accounts Receivable reflect cash receipts from customers, 3) all purchases of are on credit. Accounts reflect payments for (5) cash payment of taxes expenses, and (6) change in Income Taxes Payable reflects the accrual and company's balance sheets and income statement follow GOLDEN CORPORATION Comparative Balance Sheets December 31, 2015 and 2014 2015 2014 202,000 129,000 Accounts receivable 88.000 69,000 611.000 531,000 Total current assets 901,000 729,000 Equipment 343.000 309.000 Accum depreciation-Equipment Total assets $1,081,000 929,000 Liabilities and Equity Accounts payable s 88,000 s 76 Income taxes payable 38,000 30,000 Total current liabilities 126.000 106,000 Equity Common stock $2 par value 606.000 578,000 Paidin capital in excess of par value, common stock 207,000 165,000 Retained eamings 142.000 80.000 Total liabilities and equity $1,081 000 929,000 GOLDEN CORPORATION Income Statement For Year Ended December 31, 2015 Sales 1,817,000 1.091.000 Cost of goods sold