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	$	205,000		$	141,000
Accounts receivable		96,000			73,000
Inventory		619,000			535,000
Total current assets		920,000			749,000
Equipment		355,000			317,000
Accum. depreciationEquipment		(171,000	)		(113,000	)
Total assets	$	1,104,000		$	953,000
Liabilities and Equity
Accounts payable	$	96,000		$	80,000
Income taxes payable		40,000			34,000
Total current liabilities		136,000			114,000
Equity
Common stock, $2 par value		612,000			586,000
Paid-in capital in excess of par value, common stock		208,000			169,000
Retained earnings		148,000			84,000
Total liabilities and equity	$	1,104,000		$	953,000

GOLDEN CORPORATION Income Statement For Year Ended December 31, 2015
Sales				$	1,837,000
Cost of goods sold					1,095,000
Gross profit					742,000
Operating expenses
Depreciation expense	$	58,000
Other expenses		503,000			561,000
Income before taxes					181,000
Income taxes expense					24,000
Net income				$	157,000

Additional Information on Year 2015 Transactions
a.	Purchased equipment for $38,000 cash.
b.	Issued 13,000 shares of common stock for $5 cash per share.
c.	Declared and paid $93,000 in cash dividends. Prepare a complete statement of cash flows; report its cash inflows and cash outflows from operating activities according to the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Golden Corporation Statement of Cash Flows For Year Ended December 31, 2015
Cash flows from operating activities
Net Income	?
Adjustments to reconcile net income to net cash provided by operationgs:
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Cash flows from investing activites:
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Cash flows from financing activities:
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Net increase (decrease) in cash		?
Cash balance at beginning of year		?
Cash balance at end of year		?