GOLDEN CORPORATION Comparative Balance Sheets December 31 Current Year Prior Year $ 167,000 87,500 505, see 360,000 343,000 (159,500) $ 1,043,500 $ 110,300 74,988 529, see 713,30 382,000 (105,500) $ 100,300 Assets Cash Accounts receivable Inventory Total current assets Equipment Accumulated depreciation Equipment Total assets Llabilities and Equity Accounts payable Income taxes payable Total current liabilities Equity Common stock, $2 par value Paid-in capital in excess of par value. Conon stock Retained earnings Total liabilities and equity $ 93,000 31.000 124,000 5 74,000 25,000 100,600 595,600 201,400 122,50 $ 1,005,500 571,000 164,500 73,700 $ 909,800 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 expanse Net incon $ 1,807.000 1.809,000 718,000 497.000 54,000 267.000 28200 $ 140,900 Additional Information on Current Year Transactions Inexpense Not inco 157,00 25,200 $ 140,00 Additional Information on Current Year Transactions a. Purchased equipment for $41000 Cash b. Issued 12300 shares of common stock for $5 cash per share c. Declared and paid $92.000 in cash dividends. Required: Prepare a complete statement of cash flows using the indive method for the current year Amounts to be deducted should be indicated with a minus sign) GOLDEN CORPORATION Sam of Cash For Car Ended December 31 cash from openings Adjustments income to not sprided by Ons econoch For Current Year Ended December 31 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations Income statement items not affecting cash Changes in current assets and current liabilities $ 0 Cash flows from investing activities Cash flows from financing activities 0 $ Net increase (decrease in cash Cash balance at December 31. prior year Cash balance at December 31. current year 5 O