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, and (5) 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 $164,000 $ 107,000 Accounts receivable 83,000 Inventory 601,000 Total current assets: 848,000 71,000 526,000 704,000 299,000 (104,000) Equipment 335,000 Accum. depreciation-Equipment (158,000) Total assets $1,025,000 $ 899,000 Liabilities and Equity Accounts payable $ $ 71,000 Income taxes payable. 87,000 28,000 25,000 115,000 96,000 Total current liabilities Equity Common stock, $2 par value 592,000 568,000 196,000 160,000 Paid-in capital in excess of par value, common stock Retained earnings 122,000 75,000 Total liabilities and equity $1,025,000 $ 899,000 GOLDEN CORPORATION Income Statement For Current Year Ended December 31 Sales $1,792,000: Cost of goods sold 1,086,000 Gross profit 706,000 Operating expenses (excluding depreciation) 494,000 Depreciation expense. Income before taxes 54,000 158,000 22,000 Income taxes expense Net income $ 136,000 Additional Information on Current Year Transactions a. Purchased equipment for $36,000 cash.. b. Issued 12,000 shares of common stock for $5 cash per share. c. Declared and paid $89,000 in cash dividends. Required: Prepare a complete statement of cash flows using a spreadsheet under the indirect method. (Enter all amounts as positive values.) GOLDEN CORPORATION Spreadsheet for Statement of Cash Flows For Current Year Ended December 31 Analysis of Changes December 31, Prior Year Debit Credit December 31, Current Year Balance sheet-debit balance accounts Cash $ 107,000 Accounts receivable 71,000 Inventory 526,000 Equipment 299,000 $ 1,003,000 Balance sheet-credit balance accounts Accumulated depreciation Equipment $ 104,000 Accounts payable 71,000 Income taxes payable 25,000 Common stock, $2 par value 568,000 Paid-in capital in excess of par value, common stock 160,000 Retained earnings 75,000 1,003,000 Statement of cash flows Operating activities Investing activities Financing activities $ $ 0 $ $ $ $ 164,000 164,000 0