Required information

Use the following information for the Problems below. $($Algo$)$

$[$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.

Additional Information on Current Year Transactions

a$.$ Purchased equipment for $$69,900$ cash.

b$.$ Issued $14,000$ shares of common stock for $$5$ cash per share.

c$.$ Declared and paid $$109,000$ in cash dividends.

Problem $12-6$A $($Algo$)$ Indirect: Statement of cash flows LO P$2,$ P$3$

Required:

Prepare a complete statement of cash flows using the indirect method for the current year.

Note: Amounts to be deducted should be indicated with a minus sign.

$\backslash$table$[[$GOLDEN CORPORATION$],[$Btatement of Casih Flows$],[$For Currenat Year Ended December $31],[$Cash fiows from oparating activities$],[$Net income,$168\mathrm{.}000],[$Adjustments to resoncile nel inpome to nel cash prowided by aperations:$],[$Income statememt herns pol aflecting cash,$]]$