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

1. Purchased equipment for $63,100 cash.
2. Issued 13,600 shares of common stock for $5 cash per share.
3. Declared and paid $105,000 in cash dividends.

\\begin{tabular}{|l|l|} \\multicolumn{2}{|c|}{\\begin{tabular}{l} GOLDEN CORPORATION \\\\ Statement of Cash Flows \\\\ For Current Year Ended December 31 \\\\ \\hline \\end{tabular}} \\\\ \\hline Cash flows from operating activities & \\multicolumn{1}{|c|}{} \\\\ \\hline Net income & \\\\ \\hline Adjustments to reconcile net income to net cash provided by operations: & \\\\ \\hline Income statement items not affecting cash & \\\\ \\hline Decrease in accounts receivable & \\\\ \\hline Changes in current assets and current liabilities & \\\\ \\hline & \\\\ \\hline & \\\\ \\hline & \\\\ \\hline \\end{tabular} \\begin{tabular}{|l|l|l|} \\hline & & \\( \\$ \\) \\\\ \\hline & & \\\\ \\hline & & \\\\ \\hline & & \\\\ \\hline Cash flows from investing activities & & \\\\ \\hline & & \\\\ \\hline & & \\\\ \\hline & & \\\\ \\hline Net increase (decrease) in cash & & \\\\ \\hline Cash balance at December 31, prior year & & 1600 \\\\ \\hline Cash balance at December 31, current year & & \\( \\$ \\quad 161,600 \\) \\\\ \\hline \\end{tabular}