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		$	167,000					$	110,300
Accounts receivable			87,500						74,000
Inventory			605,500						529,000
Total current assets			860,000						713,300
Equipment			343,000						302,000
Accum. depreciationEquipment			(159,500	)					(105,500	)
Total assets		$	1,043,500					$	909,800
Liabilities and Equity
Accounts payable		$	93,000					$	74,000
Income taxes payable			31,000						26,600
Total current liabilities			124,000						100,600
Equity
Common stock, $2 par value			595,600						571,000
Paid-in capital in excess of par value, common stock			201,400						164,500
Retained earnings			122,500						73,700
Total liabilities and equity		$	1,043,500					$	909,800

GOLDEN CORPORATION Income Statement For Current Year Ended December 31
Sales				$	1,807,000
Cost of goods sold					1,089,000
Gross profit					718,000
Operating expenses
Depreciation expense	$	54,000
Other expenses		497,000			551,000
Income before taxes					167,000
Income taxes expense					26,200
Net income				$	140,800

Additional Information on Current Year Transactions

1. Purchased equipment for $41,000 cash.
2. Issued 12,300 shares of common stock for $5 cash per share.
3. Declared and paid $92,000 in cash dividends.

Problem 12-6A 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 indicated with a minus sign.)