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GOLDEN CORPORATION Income Statement For Current Year Ended December 31 Sales $ 1,827,000 Cost of goods sold 1,093,000 Gross profit 734,000 Operating expenses (excluding depreciation) 501,000 Depreciation expense 54,000 Income before taxes 179,000 Income taxes expense 31,800 Net income $ 147.200 Additional Information on Current Year Transactions a. Purchased equipment for $47,800 cash. b. Issued 12,700 shares of common stock for $5 cash per share. c. Declared and paid $96,000 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. Cash ows from operating activities Adjustments to reconcile net income to net cash provided by operations: Income statement items not affecting cash Changes in current assets and current liabilities Cash ows from investing activities Cash ows from nancing activities: