need to know if this is correct

Golden Corporation's current year income statement, comparative balance sheets, and additional information foliok, For the year, (1) all sales are credit sales, (2) all credits to Accounts Recelvable reflect cash receipts from customers. (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable refiect cash payments for inventory, anc (5) any change in income Taxes Payable reflects the accrual and cash payment of taxes. GOLDEN CORPORATION Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Total current assets Equipment Accumulated depreciation-Equipment Total assets Labilities and Equity Accounts payable Income taxes payable Total current liabilities Equity Common stock, $2 par value Paid-in capital in excess of par value, common stock Retained earnings Total liabilities and equity Current Year Prior Year Additional Information on Current Year Transactions a. Purchased equipment for $41,000 cash. b. Issued 12,300 shares of common stock for $5 cash per share. c. Declared and paid $92,000 in cash dividends. GOLDEN CORPORATION Statement of Cash Flows For Current Year Ended December 31 Cash flows from operating activities \begin{tabular}{|l|r|} \hline Net income & 140,800 \\ \hline Adjustments to reconcile net income to net cash provided by operations: \\ \hline Income statement items not affecting cash \\ \hline Depreciation expense & 54,000 \\ \hline Changes in current assets and current liabilities & (13,500) \\ \hline Increase in accounts recelvable & (76,500) \\ \hline Increase in inventory & 19,000 \\ \hline Increase in accounts payable & 4,400 \\ \hline Increase in taxes payable & \\ \hline \end{tabular}