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Required information TThe following informution appeies to the questlons disalayed belew.? Golden Corporaticals currers yoar income statement, comparative belance sheets, and adcitional information follow. For
Required information TThe following informution appeies to the questlons disalayed belew.? Golden Corporaticals currers yoar income statement, comparative belance sheets, and adcitional information follow. For the year, (7) all sales are credit sales, [2i] all credis to Accounts Receivable coflect cash recelpes from customers, B] al change in income Taxns Payabie feflects the accrual and cash pyyment of taxes. Retained earnings Total liabilities and equity Additional Information on Current Year Transactions a. Purchased equipment for $61,400 cash. b. Issued 13,500 shares of common stock for $5 cash per share. c. Declared and paid $104,000 in cash dividends. quired: epare a complete statement of cash flows using a spreadsheet under the indirect method. (Enter all amounts as positive values.) GOLDEN CORPORATION Spreadsheet for Statement of Cash Flows For Current Year Einded December 31 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 Recelvable 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
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