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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

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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) ail 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. necasnea earnings Total liabilities and equity Additional Information on Current Year Transactions a. Purchased equipment for $41,000 cash: b. Issued 12,300 shares of common stock for $5 cash per share. c. Declared and pald $92,000 in cash dividends. Required: Note: Amounts to be deducted should be indicated with a minus sign. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ GOLDEN CORPORATION } \\ \hline \multicolumn{1}{|c|}{ For Current Year Ended December 31 } \\ \hline Cash flows from operating activities & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Cash flows from investing activities & & \\ \hline & & \\ \hline & & \\ \hline Cash flows from financing activities & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Net increase (decrease) in cash & \\ \hline Cash balance at December 31, current year & \\ \hline \end{tabular}

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