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Requlred Information [The following Information applles to the questions displayed below.] Golden Corporation's current year Income statement, comparative balance sheets, and additional information follow. For

image text in transcribedimage text in transcribed Requlred Information [The following Information applles 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 recelpts 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 $47,800 cash. b. Issued 12,700 shares of common stock for $5 cash per share. c. Declared and paid $96,000 in cash dividends. Requlred: Prepare a complete statement of cash flows usind the Indirect method for the current vear

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