Required information Skip to question [The following information applies to the questions displayed below.] Golden Corporation'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 Year Prior Year Assets Cash $ 182,000 $ 126,800 Accounts receivable 110,000 89,000 Inventory 628,000 544,000 Total current assets 920,000 759,800 Equipment 383,500 317,000 Accumulated depreciationEquipment (167,000) (113,000) Total assets $ 1,136,500 $ 963,800 Liabilities and Equity Accounts payable $ 123,000 $ 89,000 Income taxes payable 46,000 34,100 Total current liabilities 169,000 123,100 Equity Common stock, $2 par value 613,600 586,000 Paid-in capital in excess of par value, common stock 228,400 187,000 Retained earnings 125,500 67,700 Total liabilities and equity $ 1,136,500 $ 963,800 GOLDEN CORPORATION Income Statement For Current Year Ended December 31 Sales $ 1,882,000 Cost of goods sold 1,104,000 Gross profit 778,000 Operating expenses (excluding depreciation) 512,000 Depreciation expense 54,000 Income before taxes 212,000 Income taxes expense 47,200 Net income $ 164,800 Additional Information on Current Year Transactions Purchased equipment for $66,500 cash. Issued 13,800 shares of common stock for $5 cash per share. Declared and paid $107,000 in cash dividends. Required: Prepare a complete statement of cash flows using a spreadsheet under the indirect method. Note: Enter all amounts as positive values.