I

Required information

$[$The following information applles to the questions displayed below$]$

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 Recelvable reflect cash recelpts 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.

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.$)$

$\backslash$table$[[$GOLDEN CORPORATION,,$],[$Statement of Cash Flows,,$],[$Cash flows from operating activities,For Current Year Ended December $31,],[,,],[$Adjustments to reconcile net income to net cash provided by operating activities,,$],[$Income statement items not affecting cash,,$]]$