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 $ $176,000$ $ $120,200$ Accounts receivable $101,00083,000$ Inventory $619,000538,000$ Total current assets $896,000741,200$ Equipment $367,300311,000$ Accumulated depreciation$$Equipment $(164,000)(110,000)$ Total assets $ $1,099,300$ $ $942,200$ Liabilities and Equity Accounts payable $ $111,000$ $ $83,000$ Income taxes payable $40,00031,100$ Total current liabilities $151,000114,100$ Equity Common stock, $$2$ par value $606,400580,000$ Paid$-$in capital in excess of par value, common stock $217,600178,000$ Retained earnings $124,30070,100$ Total liabilities and equity $ $1,099,300$ $ $942,200$ GOLDEN CORPORATION Income Statement For Current Year Ended December $31$ Sales $ $1,852,000$ Cost of goods sold $1,098,000$ Gross profit $754,000$ Operating expenses $($excluding depreciation$)506,000$ Depreciation expense $54,000$ Income before taxes $194,000$ Income taxes expense $38,800$ Net income $ $155,200$ Additional Information on Current Year Transactions Purchased equipment for $$56,300$ cash. Issued $13,200$ shares of common stock for $$5$ cash per share. Declared and paid $$101,000$ in cash dividends. Required: Prepare a complete statement of cash flows using the DIRECT method for the current year.