GOLDEN CORPORATION Comparative Balance Sheets December 31 Current Year Prior Year $ 167,000 87,5ee 605,500 860,000 343,000 (159,500) $ 1,043,500 $ 110, 300 74,000 529,000 713, 360 302,000 (105,500) $ 909,800 Assets Cash Accounts receivable Inventory Total current assets Equipment Accumulated depreciation Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Total current liabilities Equity Common stock, S2 par value Paid-in capital in excess of par value, common stock Retained earnings Total liabilities and equity $ 93,000 31,000 124,000 $ 74,000 26.688 100,686 595,600 201,400 122,500 $ 1,843, 500 571,000 164,500 73, 780 $ 999, 890 GOLDEN CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income $ 1,887,000 1,089, 060 718, 888 497,888 54,000 167,000 26, 280 $ 148,800 Additional Information on Current Year Transactions - Purchased equiment for $41000 cash b. sued 12,300 shares of common stock for $5 cash per share c. Declared and boia $92000 in cash dividends Required: Prepare a complete statement of cash Tows using the direct method for the current yest (Amounts to be deducted should be Indicated with a minus sign GOLDEN CORPORATION Cash wompetang Cash on home Cash Dec Cash balance at December 21 coment your 5