dew Rome - 12 A A Aav do 9 Uab XX APAE 3A1 - AaBbcede AaBbCcDc AaBb Cc Aabbccc AaB - 1 Normal 1 No Spac... Heading 1 Heading 2 Title = Find Gc Replace Select Dictate Font Paragraph Styles Editing Voice Additional Information on Current Year Transactions Prior Year a. Purchased equipment for $51,200 cash b. Issued 12,900 shares of common stock for 55 cash per share Declared and paid $98,000 in cash dividends GOLDEN CORPORATION Comparative Balance Sheets December 31 Current Year Assets Cash S 173,000 Accounts receivable 96,500 Inventory 614,500 Total current assets 884.000 Equipment 359, 200 Acum depreciation Equipment (1627 500) Total assets 51,080, 700 Liabilities and Equity Accounts payable $ 105,000 Income taxes payable 37,000 Total current abilities 142.000 Equity Common stock. $2 par value 602,800 Paid-in capital in excess of par 212,200 value, common stock Retained earnings 123,700 Total liabilities and equity $1,080, 700 $ 116, 900 80,000 535,000 731, 900 308,000 109.500) $ 931,400 Required: Prepare a complete statement of cash flows using the indirect method for the current year (Amounts to be deducted should be indicated with a mines sign.) $ 80,000 29. 600 109,600 577,000 173,500 71,300 $ 931,400 GOLDEN CORPORATION Income Statement For Current Year Ended December 31 Sales $1,837.000 Cost of goods sold 1.095,000 Gross profit 742,000 Operating expenses Depreciation expenses 54,000 Other expenses 503,000 557,000 Income before taxes 185,000 Income taxes expense 34,600 Net income $ 150, 400 7 wordsLX Focus E- Gew@^ o ao e Type here to search