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Additional Information on Current Year Transactions a. Purchased equipment for ( $ 39,300 ) cash. b. Issued 12,200 shares of common stock for ( $

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Additional Information on Current Year Transactions a. Purchased equipment for \\( \\$ 39,300 \\) cash. b. Issued 12,200 shares of common stock for \\( \\$ 5 \\) cash per share. c. Declared and paid \\( \\$ 91,000 \\) in cash dividends. 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. GOLDEN CORPORATION Statement of Cash Flows For Current Yoar Ended Docember 31 Cash flows from operafing activities Adjustments to reconcile net income to net cash provided by operations: Income statement items not affecting cash Changes in current assets and current liablities 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

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