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: Purchased equipment for $66,500 cash. Issued 13,800 shares of common stock for $5 cash per share. Declared and paid $107,000 in cash dividends.

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