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

Additional Information on Current Year Transactions

a$.$ Purchased equipment for $$63,100$ cash.

b$.$ Issued $13,600$ shares of common stock for $$5$ cash per share.

c$.$ Declared and paid $$105,000$ in cash dividends.

Required:

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

$\backslash$table$[[$GOLDEN CORPORATION$],[$Statement of Cash Flows$],[$For Current Year Ended December $31],[$Cash flows from operating activities$],[+2],[$Adjustments to reconcile net income to net cash provided by operations.$],[$Income statement items not affecting cash$],[,,],[$Changes in current assets and current liabilities$],[,,],[,-,],[,,8],[,,],[,,$s$],[$Cash flows from investing activities$],[,,],[2,,],[,,0],[$Cash flows from financing activities:$],[,,],[,-,],[,,0],[$Net increase $($decrease$)$ in cash,,$s$