Required information [The following information applies to the questions displayed below.] Golden Corp.'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, (5) Other Expenses are all cash expenses, and (6) 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 $ 165,000 $ 108,100 Accounts receivable 84,500 72,000 Inventory 602,500 527,000 Total current assets 852,000 707,100 Equipment 337,600 300,000 Accum. depreciationEquipment (158,500 ) (104,500 ) Total assets $ 1,031,100 $ 902,600 Liabilities and Equity Accounts payable $ 89,000 $ 72,000 Income taxes payable 29,000 25,600 Total current liabilities 118,000 97,600 Equity Common stock, $2 par value 593,200 569,000 Paid-in capital in excess of par value, common stock 197,800 161,500 Retained earnings 122,100 74,500 Total liabilities and equity $ 1,031,100 $ 902,600 GOLDEN CORPORATION Income Statement For Current Year Ended December 31 Sales $ 1,797,000 Cost of goods sold 1,087,000 Gross profit 710,000 Operating expenses Depreciation expense $ 54,000 Other expenses 495,000 549,000 Income before taxes 161,000 Income taxes expense 23,400 Net income $ 137,600 Additional Information on Current Year Transactions Purchased equipment for $37,600 cash. Issued 12,100 shares of common stock for $5 cash per share. Declared and paid $90,000 in cash dividends. Required: Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.) Prepare a complete statement of cash flows using a spreadsheet under the indirect method.