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).

Required information (The following information applies to the questions displayed below.) 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 Y $ 164,00 83,00 601,00 848, oC 335, e (158,00 $1,025, od Assets Cash Accounts receivable Inventory Total current assets Equipment Accum-depreciation-Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Total current liabilittes Equity Common stock, $2 par value Paid-in capital in excess of par value, common stock Retained earnings Total liabilities and equity 87,0 28,0 115,0 592, 196,0 1210 $1) 025, GOLDEN CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gorncnrnfit $1,792,000 1,086,000 706 aaa GOLDEN CORPORATION Comparative Balance Sheets December 31 Current Year eceivable Prior Year $ 107,000 71,000 526,000 794, 000 299,000 (104,900) $ 899,000 $ 164,000 83,000 601,000 848,000 335,000 (158,000) $1,025,000 ent assets $ reciation-Equipment ts s and Equity ayable es payable ent liabilities ck, $2 par value pital in excess of par value, common stock arnings ilities and equity 87,000 28,000 115,000 $ 71,000 25,000 96,000 592,000 1996,000 122,000 $1,025,000 568,000 160,000 75,000 $ 899,000 GOLDEN CORPORATION Income Statement For Current Year Ended December 31 ods sold it ex nses (excluding depreciation) on expense pre taxes es expense $1,792,000 1,086,000 706,000 494,800 54,000 158,000 22,000 $ 136,000 formation on Current Year Transactions equipment for $36.000 cash, 100 shares of common stock for $5 cash per share. ind paid $89,000 in cash dividends. 4 of 4