Required information

$[$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.

$\backslash$table$[[\backslash$table$[[$GOLDEN CORPORATION$],[$Comparative Balance Sheets$],[$Decenber $31]]],[$Assets$,$Current Year,Prior Year$],[\backslash$table$[[$Assets$],[$Cash$]],$$$175\mathrm{.}9$an$,$&$119\mathrm{.}109],[$Accounts receivable,$\backslash$table$[[99,500],[99,500]],\backslash$table$[[119,100],[82,000]]],[$Inventory$,617,580,537,000],[$Total current assets,$892,000,738,100],[$Equipment$,364,600,310,800],[$Accumulated depreciation$-$Equipnent,$(163,500),(109,500)],[$Total assets,$$1,093,100,$$$938,600],[$Liabilities and Equity,,$],[$Accounts payable,$$109,000,$$$82,000],[$Income taxes payable,$\backslash$table$[[19,000]],30,600],[$Total current liabilities,$148,000,112,600],[$Equity$,,],[$Common stock, $$2$ par value,$605,200,579,000],[$Paid$-$in capital in excess of par value, comnon stock,$215,800,176,500],[$Retained earnings,$124,100,70,500],[$Total liabilities and equity,$$1,093,100,$$$938,600]]$

$\backslash$table$[[\backslash$table$[[$GOLDEN CORPORAIION$],[$Income Statement$],[$For Current Year Ended Decenber $31]],],[\backslash$table$[[$Sales$],[$Cost of goods sold$]],\backslash$table$[[$$$1,847,000],[1,097,000]]],[$Gross profit,$750,000],[$Operating expenses $($excluding depreciation$),505,000],[$Depreciation expense,$54,000],[$Income before taxes,$191,000],[$Income taxes expense,$37,400],[$Net income,$$153,600]]$

Additional Information on Current Year Transactions

a$.$ Purchased equipment for $$54,600$ cash.

b$.$ Issued $13,100$ shares of common stock for $$5$ cash per share.

c$.$ Declared and paid $$100,000$ 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.