$[$ I ne rollowing intormation appiles to the questions a$$spiayea De$$ow$.$ J

Golden Corporation'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. Additional Information on Current Year Transactions

Purchased equipment for $$42,700$ cash.

Issued $12,400$ shares of common stock for $$5$ cash per share.

Declared and paid $$93,000$ in cash dividends.

Required:

Prepare a complete statement of cash flows using the indirect method for the current year.

Note: Amounts to be deducted should be indicated with a minus sign.