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 a$$crual and cash payment of taxes.

Additonal Informotion on Current Year Transoctlons

a$.$ Purchased equipment for $$69,900$ cash.

b$.$ Issued $14,000$ shares of common stock for $$5$ cash per share.

c$.$ Declared and paid $$109,000$ in cash dividends.

Requlred:

Prepare a complete statement of cash flows using the indirect method for the current year.

Note: Amounts to be deducted should be indlcoted with a minus sign.

Required information