Gecten Corperations current yeat income statenent, comparative babance sheets, and aditional infcemation foliow, For the year, (I) all sales are credi sales, (2) al credits lo Accounts Recelvable reflect cash rece pts from customers. (S) all puichases of inventecy are on credid. (\$) al dehits to Accounts Payable redeet cath payments for impeniory, and 5 any change in income Tooms Pay e reficcts the accrualand cash payment of taxes Additionsl infarmation on Curient Yeer Transactions 2. Piactiased euuipaces for 449,600 cash. b. Hsued 12.000 shares of cometion stock for 55 cash per thare c. Declared and gaed 597000 in cash dividends. 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 minus sign.) 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. Additional Information on Current Year Transactions a. Purchased equipment for $49.500cash. b. Issued 12.800 shares of common stock for $5 cash per share c. Declared and paid $97,000 in cash dividends. Required: Prepare a complete statement of cash flows using the indirect method for the current yeat. (Amounts to be deducted should be indicoted with a minus sign.) Gecten Corperations current yeat income statenent, comparative babance sheets, and aditional infcemation foliow, For the year, (I) all sales are credi sales, (2) al credits lo Accounts Recelvable reflect cash rece pts from customers. (S) all puichases of inventecy are on credid. (\$) al dehits to Accounts Payable redeet cath payments for impeniory, and 5 any change in income Tooms Pay e reficcts the accrualand cash payment of taxes Additionsl infarmation on Curient Yeer Transactions 2. Piactiased euuipaces for 449,600 cash. b. Hsued 12.000 shares of cometion stock for 55 cash per thare c. Declared and gaed 597000 in cash dividends. 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 minus sign.) 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. Additional Information on Current Year Transactions a. Purchased equipment for $49.500cash. b. Issued 12.800 shares of common stock for $5 cash per share c. Declared and paid $97,000 in cash dividends. Required: Prepare a complete statement of cash flows using the indirect method for the current yeat. (Amounts to be deducted should be indicoted with a minus sign.)
