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Required information [The following information appiles to the questions displayed below] Golden Corporation's current year Income statement, comparative balance sheets, and additional information follow. For

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Required information [The following information appiles 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 Recelvable reflect cash recelpts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reffect 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 $37,600 cash. b. issued 12,100 shares of common stock for $5 cash per share. c. Deciared and paid $90,000 in cash dividends. Additional Information on Current Year Transactlons a. Purchaced equipment for $37600 cash. b. issued 12:00 shares of common stock for $5 cash per share. c. Dectared and paid $90,000 inc cash dividands. Required: Prepare a complete statement of cach flows using the clvect methocifor the current year. Note: Amounts to be deducted should be indicated with a minus sign

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