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 $ 176,000 101,00 619,eee 896,000 367, 300 (164,000) $1,099, 300 $ 120, 20e 83, eee 538.000 741,200 311.ee (110,eee) $ 942,280 Assets Cath Accouns pedeivable Inventory Total current assets Equipment Accum. depreciation Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Total current liabilities Equity Common stock, $2 par value Paid-in capital in excess of par value, common stock Retained earnings Total liabilities and equity $ 111,eee 40,000 151,000 $ 83,000 31,180 114,100 606,400 217,600 124,300 $1,099, 300 580,000 178,000 70.100 $ 942,200 $1,852,000 1.098, eee 754, eee GOLDEN CORPORATION Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $ 54,099 Other expenses 506,00 Income before taxes Income taxes expense Net incqne 560, eee 194,00e 38,800 155,209 $ Additional Information on Current Year Transactions a. Purchased equipment for $56,300 cash. b. Issued 13,200 shares of common stock for $5 cash per share. c. Declared and paid $101,000 in cash dividends. Required: Prepare a complete statement of cash flows using the indvedt method for the current year. (Amounts to be deducted should be indicated with a minus sign.)