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.

Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed beiow.] Golden Corporation's current year income statement, comparative balance sheets, and additional information follow. For the yeat, (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 poyments for inventory, and (5) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. Additional Information on Current Yeor Transoctions o. Purchased equipment for $52,900 cash b. Issued 13.000 shates of common stock for $5 cash per share Additional Information on Current Year Transactions o. Purchased equipment for $52,900 cash. b. Issued 13,000 shares of common stock for $5 cash per share: c. Declared and paid $99,000 in cash dividends. Problem 12-6A (Algo) Indirect: Statement of cash flows LO P2, P3 Required: Prepare a complete statement of cash flows using the indirect method for the current year (Amounts to be deducted should be indicoted with a minus sign.)