Golden Corp., a merchandiser, recently completed its 2013 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 inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, (5) Other Expenses are all cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. The companys balance sheets and income statement follow.
									Golden Corporation Comparative Balance Sheets December 31, 2013 and 2012
	2013	2012
Assets
Cash	$209,000	$150,00
Accounts receivable	89,000	76,000
Merchandise inventory	625,000	538,000
Equipment	364,000	323,000
Accum. Depreciation -Equipment	-177,000	-116,000
	________	________
Total assest	$1,110,000	$971,000
Liabilities and Equity
Accounts payable	$91,000	$83,000
Income taxes payable	46,000	37,000
Common stock, $2 par value	614,000	592,000
Paid-in capital in excess of par value common stock	205,000	172,000
Retained earnings	154,000	87,000
	_________	_______
Total liabilities and equity	$1,110,000	$971,000
GOLDEN CORPORATION INCOME STATEMENT FOR YEAR ENDED DECEMBER 31,2013
Sales		$1,852,000
		1,098,000 _________
		754,000
Gross profit
Operating expenses
Depreciation expense	$61,000
Other expenses	506,000	567,000
Income before taxes		187,000
Income taxes expense		24,000
Net income		$163,000
Additional Information on year 2013 Transactions
A. Purchased equipment for $41,000 cash
B. Issued 11,000 shares of common stock for $5 cash per share
C. Declared and paid $96,000 in cash dividends
Question:
Prepare a complete statement of cash flows; reports inflows and
cash outflows from operating activities according to the indirect method.
GOLDEN CORPORATION
STATEMENT OF CASH FLOWS
FOR YEAR ENDED DECEMBER 31, 2013
Cash flows from operating activities Debit Credit
Net income	$
Adjustments to reconcile net income to net cash provided by operations:
		$
Cash flows from investing activities
Cash flows from financing activites
Net increase(decrease) in cash
Cash balance at beginning of year
Cash balance at end of year