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 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, 2015 and 2014 2015 2014 Assets Cash $ 203,000 $ 144,000 Accounts receivable 98,000 74,000 Inventory 621,000 536,000 Total current assets 922,000 754,000 Equipment 358,000 319,000 Accum. depreciationEquipment (173,000 ) (114,000 ) Total assets $ 1,107,000 $ 959,000 Liabilities and Equity Accounts payable $ 87,000 $ 81,000 Income taxes payable 42,000 35,000 Total current liabilities 129,000 116,000 Equity Common stock, $2 par value 616,000 588,000 Paid-in capital in excess of par value, common stock 212,000 170,000 Retained earnings 150,000 85,000 Total liabilities and equity $ 1,107,000 $ 959,000 GOLDEN CORPORATION Income Statement For Year Ended December 31, 2015 Sales $ 1,842,000 Cost of goods sold 1,096,000 Gross profit 746,000 Operating expenses Depreciation expense $ 59,000 Other expenses 504,000 563,000 Income before taxes 183,000 Income taxes expense 24,000 Net income $ 159,000 Additional Information on Year 2015 Transactions a. Purchased equipment for $39,000 cash. b. Issued 14,000 shares of common stock for $5 cash per share. c. Declared and paid $94,000 in cash dividends. Required: Prepare a complete statement of cash flows; report its cash inflows and cash outflows from operating activities according to the indirect method.