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 $ 172,000 $ 115,800 Accounts receivable 95,000 79,000 Inventory 613,000 534,000 Total current assets 880,000 728,800 Equipment 356,500 307,000 Accum. depreciationEquipment (162,000 ) (108,000 ) Total assets $ 1,074,500 $ 927,800 Liabilities and Equity Accounts payable $ 103,000 $ 79,000 Income taxes payable 36,000 29,100 Total current liabilities 139,000 108,100 Equity Common stock, $2 par value 601,600 576,000 Paid-in capital in excess of par value, common stock 210,400 172,000 Retained earnings 123,500 71,700 Total liabilities and equity $ 1,074,500 $ 927,800 GOLDEN CORPORATION Income Statement For Current Year Ended December 31 Sales $ 1,832,000 Cost of goods sold 1,094,000 Gross profit 738,000 Operating expenses Depreciation expense $ 54,000 Other expenses 502,000 556,000 Income before taxes 182,000 Income taxes expense 33,200 Net income $ 148,800 Additional Information on Current Year Transactions Purchased equipment for $49,500 cash. Issued 12,800 shares of common stock for $5 cash per share. Declared and paid $97,000 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.)

Additional Information on Current Year Transactions

1. Purchased equipment for $49,500 cash.
2. Issued 12,800 shares of common stock for $5 cash per share.
3. Declared and paid $97,000 in cash dividends.

Required: Prepare a complete statement of cash flows using a spreadsheet under the indirect method. (Enter all amounts as positive values.)