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Golden Corporation's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all soles are credit sales, (2) all credits

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Golden Corporation's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all soles 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 irventory, and (5) any change in income Taxes Payable reflects the accrual and cash payment of taxes. Additional Information on Current Year Transactions a. Purchased equipment for $41,000 cash. b. Issued 12,300 shates of common stock for $5 cash per share c. Declared and paid $92,000 in cash dividends. Problem 12-7AA (Algo) Indirect: Cash flows spreadsheet LO P4 (1) Required information (1) Required information

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