Problem 12-8AB (Static) Direct: Statement of cash flows LO P5 Required: Prepare a complete statement of cash flows using the direct method for the current year. Note: Amounts to be deducted should be indicated with a minus sign. (1) Required information \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline Cash flows from investing activities & & \\ \hline & & \\ \hline Cash flows from financing activities & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Net increase (decrease) in cash & & \\ \hline Cash balance at December 31, prior year & & 0 \\ \hline Cash balance at December 31, current year & & \\ \hline \end{tabular} Required information \begin{tabular}{|c|c|c|} \hline & $ & 136,000 \\ \hline \multicolumn{3}{|l|}{ Cash flows from investing activities } \\ \hline 7 & & \\ \hline & & \\ \hline 7 & & 0 \\ \hline \multicolumn{3}{|l|}{ Cash flows from financing activities } \\ \hline & & \\ \hline \\ \hline & & \\ \hline & & 0 \\ \hline Net increase (decrease) in cash & $ & 136,000 \\ \hline Cash balance at December 31, prior year & & \\ \hline Cash balance at December 31, current year & $ & 136,000 \\ \hline \end{tabular} Note: Amounts to be deducted should be indicated with a minus sign. Required information Use the following information for the Problems below. (Static) The following information applies to the questions displayed below] Golden Corporation's curtent year income statement, comparative balance sheets, and additional information follow For the year, (1) all soles are credit sales, (2) all credits to Accounts Recelvable reflect cosh receipts from customers. (3) all purchases of inventory are on credit, (4) all debirs 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: a. Purchased equipment for $36,000 cash. Additional Information on Current Year Transactions a. Purchased equipment for $36,000 cash. b. Issued 12,000 shares of common stock for $5 cash per share. c. Declared and paid $89,000 in cash dividends