$\backslash$table$[[$For Current Year Ended December $31],[,\{$

$\backslash$table$[[$December $31,$ Prior$],[$Year$]]\},$Analysis of Changes,$\backslash$table$[[$December $31,],[$Current Year$]]],[,$Debit,Credit$],[$Balance sheet$-$debit balance accounts$],[$Cash$,$$$,126,800,,,182,000],[$Accounts receivable,,$89,000,21,000,,110,000,],[$Inventory$,,544,000,84,000,,628,000,],[$Equipment$,,317,000,66,500,,383,500,],[$$$,1,076,800,,,1,303,500,],[$Balance sheet$-$credit balance accounts$],[$Accumulated depreciation$-$Equipment,$$,113,000,,54,000,167,000],[$Accounts payable,,$89,000,,34,000,123,000],[$Income taxes payable,,$34,100,,11,900,46,000],[$Common stock, $$2$ par value,,$586,000,,27,600,613,600,],[$Paid$-$in capital in excess of par value, common stock,,$187,000,,41,400,228,400,],[$Retained earnings,,$67,700,,164,800,232,500],[$$$,1,076,800,,,1,410,500],[$Statement of cash flows$],[$Operating activities$],[$Net income,,,$164,800,,],[$Increase in accounts receivable,,,,$21,000,]]$Required information

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$[$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.

GOLDEN CORPORATION

Comparative Balance Sheets

December $31$

Current Year Prior Year

Assets

Cash $ $182,000$ $ $126,800$

Accounts receivable $110,00089,000$

Inventory $628,000544,000$

Total current assets $920,000759,800$

Equipment $383,500317,000$

Accumulated depreciation$$Equipment $(167,000)(113,000)$

Total assets $ $1,136,500$ $ $963,800$

Liabilities and Equity

Accounts payable $ $123,000$ $ $89,000$

Income taxes payable $46,00034,100$

Total current liabilities $169,000123,100$

Equity

Common stock, $$2$ par value $613,600586,000$

Paid$-$in capital in excess of par value, common stock $228,400187,000$

Retained earnings $125,50067,700$

Total liabilities and equity $ $1,136,500$ $ $963,800$

GOLDEN CORPORATION

Income Statement

For Current Year Ended December $31$

Sales $ $1,882,000$

Cost of goods sold $1,104,000$

Gross profit $778,000$

Operating expenses $($excluding depreciation$)512,000$

Depreciation expense $54,000$

Income before taxes $212,000$

Income taxes expense $47,200$

Net income $ $164,800$

Additional Information on Current Year Transactions

Purchased equipment for $$66,500$ cash.

Issued $13,800$ shares of common stock for $$5$ cash per share.

Declared and paid $$107,000$ in cash dividends.

Required:

Prepare a complete statement of cash flows using a spreadsheet under the indirect method.

Note: Enter all amounts as positive values.