Golden Corporation's current year income statement, comparative balance sheets, and additional information follow. 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, and (5) any change in Income Taxes Payable reflects the accrual and cash payment of taxes.

GOLDEN CORPORATION
Comparative Balance Sheets
December 31
	Current Year	Prior Year
Assets
Cash	$ 172,000	$ 115,800
Accounts receivable	95,000	79,000
Inventory	613,000	534,000
Total current assets	880,000	728,800
Equipment	356,500	307,000
Accumulated depreciationEquipment	(162,000)	(108,000)
Total assets	$ 1,074,500	$ 927,800
Liabilities and Equity
Accounts payable	$ 103,000	$ 79,000
Income taxes payable	36,000	29,100
Total current liabilities	139,000	108,100
Equity
Common stock, $2 par value	601,600	576,000
Paid-in capital in excess of par value, common stock	210,400	172,000
Retained earnings	123,500	71,700
Total liabilities and equity	$ 1,074,500	$ 927,800

GOLDEN CORPORATION
Income Statement
For Current Year Ended December 31
Sales	$ 1,832,000
Cost of goods sold	1,094,000
Gross profit	738,000
Operating expenses (excluding depreciation)	502,000
Depreciation expense	54,000
Income before taxes	182,000
Income taxes expense	33,200
Net income	$ 148,800

Additional Information on Current Year Transactions

1. Purchased equipment for $49,500 cash.
2. Issued 12,800 shares of common stock for $5 cash per share.
3. Declared and paid $97,000 in cash dividends.

Required: a.) Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.)

b.) Prepare a complete statement of cash flows using a spreadsheet under the indirect method. (Enter all amounts as positive values.)