The following balance sheets are taken from the records of Golding Company (numbers are expressed in thousands): 2015 2016 Assets Cash $130,000 $150,000 Accounts receivable 25,000 20,000 Plant and equipment 50,000 60,000 Accumulated depreciation (20,000) (25,000) Land 10,000 10,000 Total assets $195,000 $215,000 Liabilities and equity Accounts payable $ 10,000 $ 5,000 Bonds payable 8,000 18,000 Common stock 120,000 120,000 Retained earnings 57,000 72,000 Total liabilities and equity $195,000 $215,000 Additional information is as follows: A. Equipment costing $10,000,000 was purchased at year-end. No equipment was sold; and B. Net income for the year was $25,000,000; $10,000,000 in dividends were paid. Required: 1. Prepare a statement of cash flows using the indirect method. 2. Conceptual Connection: Assess Goldings ability to use cash to acquire Lemmons Company. Consider the information in Exhibit 15.2 (p. 679) and Cornerstone 15.6 (p. 684) as part of your analysis.