Golden Corp., a merchandiser, recently completed its 2017 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, 2017 and 2016
	2017				2016
Assets
Cash	$	177,000			$	121,300
Accounts receivable		102,500				84,000
Inventory		620,500				539,000
Total current assets		900,000				744,300
Equipment		370,000				312,000
Accum. depreciationEquipment		(164,500	)			(110,500	)
Total assets	$	1,105,500			$	945,800
Liabilities and Equity
Accounts payable	$	113,000			$	84,000
Income taxes payable		41,000				31,600
Total current liabilities		154,000				115,600
Equity
Common stock, $2 par value		618,000				581,000
Paid-in capital in excess of par value, common stock		209,000				179,500
Retained earnings		124,500				69,700
Total liabilities and equity	$	1,105,500			$	945,800

GOLDEN CORPORATION Income Statement For Year Ended December 31, 2017
Sales				$	1,857,000
Cost of goods sold					1,099,000
Gross profit					758,000
Operating expenses
Depreciation expense	$	54,000
Other expenses		507,000			561,000
Income before taxes					197,000
Income taxes expense					40,200
Net income				$	156,800
Required: (1) 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.)
		(2) Required: Prepare a complete statement of cash flows using a spreadsheet; report operating activities under the indirect method. (Enter all amounts as positive values.)