Golden Corp.'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, (5) Other Expenses are all cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes.

GOLDEN CORPORATION Comparative Balance Sheets December 31
	Current Year						Prior Year
Assets
Cash		$	173,000					$	116,900
Accounts receivable			96,500						80,000
Inventory			614,500						535,000
Total current assets			884,000						731,900
Equipment			359,200						308,000
Accum. depreciationEquipment			(162,500	)					(108,500	)
Total assets		$	1,080,700					$	931,400
Liabilities and Equity
Accounts payable		$	105,000					$	80,000
Income taxes payable			37,000						29,600
Total current liabilities			142,000						109,600
Equity
Common stock, $2 par value			602,800						577,000
Paid-in capital in excess of par value, common stock			212,200						173,500
Retained earnings			123,700						71,300
Total liabilities and equity		$	1,080,700					$	931,400

GOLDEN CORPORATION Income Statement For Current Year Ended December 31
Sales				$	1,837,000
Cost of goods sold					1,095,000
Gross profit					742,000
Operating expenses
Depreciation expense	$	54,000
Other expenses		503,000			557,000
Income before taxes					185,000
Income taxes expense					34,600
Net income				$	150,400

Additional Information on Current Year Transactions

1. Purchased equipment for $51,200 cash.
2. Issued 12,900 shares of common stock for $5 cash per share.
3. Declared and paid $98,000 in cash dividends.

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