Refer to the information reported about Golden Corporation in Problem flov OF Required Prepare a complete statement of cash flows using a spreadsheet as in E tatement of cash flows using a enreadsheet as in Exhibit 16A. 1; report operating tivities under the indirect method. Identify the debits and credits in the Analysis of Chan in the Analysis of Changes columns with letters that correspond to the following list of transactions and events. a. Net income was $136,000. b. Accounts receivable increased. c. Inventory increased. d. Accounts payable increased. e. Income taxes payable increased, f. Depreciation expense was $54,000, g. Purchased equipment for $36,000 cash. h. Issued 12,000 shares at $5 cash per share. i. Declared and paid $89,000 of cash dividends. anges Golden Corp., a mer sales. (2) all credit ventory are on Expenses are all ca payment of taxes Corp., a merchandiser, recently completed its 2017 onerations for the year (1) all sales are credit (2) all credits to Accounts Receivable reflect Terleet cash receipts from customers, (3) all purchases of in- are on credit, (4) all debits to Accounts Payable reflect cash navments for inventory. (5) Other are all cash expenses, and (6) any change in Income Taxes Pavable reflects the accrual and cash fraxes. The company's balance sheets and income statement follow Problem 16-5A Indirect: Statement of casnio P1 P2 P3 GOLDEN CORPORATION Comparative Balance Sheets December 31, 2017 and 2016 2017 $ 164,000 Assets Cash... .. Accounts receivable ........... Inventory... Total current assets .............. .... Equipment................. Accum. depreciation Equipment .............. Total assets... 601.000 848,000 335,000 (158,000) $1,025,000 $107.000 71.000 526,000 704,000 299,000 (104.000) $899.000 GOLDEN CORPORATION Income Statement For Year Ended December 31, 2017 $ Liabilities and Equity Accounts payable .... Income taxes payable. Total current liabilities.. 87,000 28,000 115,000 $ 71,000 25,000 96,000 $1,792.000 1.086,000 706.000 592,000 568,000 Sales ....... Cost of goods sold ............... Gross profit........... Operating expenses Depreciation expense ........... Other exoenses ................ Income before taxes.............. Income taxes expense.......... Net income.............. Equity Common stock, $2 par value... Paid-in capital in excess of par value, common stock... Retained earnings......... Total liabilities and equity ........ $ 54,000 494.000 196.000 122,000 160,000 75.000 $899,000 548.000 158.000 22.000 $ 136.000 51.025.000