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		$	168,000					$	111,400
Accounts receivable			89,000						75,000
Inventory			607,000						530,000
Total current assets			864,000						716,400
Equipment			345,700						303,000
Accum. depreciationEquipment			(160,000	)					(106,000	)
Total assets		$	1,049,700					$	913,400
Liabilities and Equity
Accounts payable		$	95,000					$	75,000
Income taxes payable			32,000						27,100
Total current liabilities			127,000						102,100
Equity
Common stock, $2 par value			596,800						572,000
Paid-in capital in excess of par value, common stock			203,200						166,000
Retained earnings			122,700						73,300
Total liabilities and equity		$	1,049,700					$	913,400

GOLDEN CORPORATION Income Statement For Current Year Ended December 31
Sales				$	1,812,000
Cost of goods sold					1,090,000
Gross profit					722,000
Operating expenses
Depreciation expense	$	54,000
Other expenses		498,000			552,000
Income before taxes					170,000
Income taxes expense					27,600
Net income				$	142,400

Additional Information on Current Year Transactions

1. Purchased equipment for $42,700 cash.
2. Issued 12,400 shares of common stock for $5 cash per share.
3. Declared and paid $93,000 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.)