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Golden Corporation's current year income statement, comporotive bolance sheets, and additional information follow. For the year, (1) all sales are eredit soles, (2) alf eredits
Golden Corporation's current year income statement, comporotive bolance sheets, and additional information follow. For the year, (1) all sales are eredit soles, (2) alf eredits to Accounts Recelvable reflect cash rocelpts from customers, (3) al 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 tefiects the accrual and cash payment of taxes. Additional Information on Current Year Transactions Additional Information on Current Year Transactions a. Purchased equipment for $66,500 cash. b. Issued 13,800 shares of common stock for $5 cash per share. c. Declared and paid $107,000 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. 100 Statement of Cash filom porits ForCurrentyearEndedDecember31 Cash flows from operating activees ME
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