The following information applies to the questions displayed below) Golden Corporation's carrent year income statement comparative balance sheets, and addition Information follow. For the year, sales are credit sales, (2) il credits to Accounts Receivable efectesh receipts from customers, purchases of inventory are on credit (4) mit debits to Accounts Payable relea cash payments for inventory, and (5) any change in Income Taxes Payable reflects the achat and cash payment of taxes GOLDEN CORPORATION Comparative Balance Sheets December 31 Current Year Prior Year $ 169,00 112,50 90,500 76,000 608,500 531, cee 868, een 719, Saa 348,428 384.ee (160 see) (186500) $ $ 1,055,900 917, cee Assets Cash Accounts receivable Inventory Total current assets Equipment Accumulated depreciation Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Total current liabilities Equity Common stock, 52 par value Paid-in capital in excess of par value, common stock Retained earnings Total liabilities and equity $ 97,00 $ 76,00 33, eee 27.ee 130,eee 183,600 598,00 573, 285,000 167, Seo 122,988 72,900 $ $ 1,055.900 917,600 GOLDEN CORPORATION Income Statement For Current Year Ended December 31 $ Sales 1,817,000 Cost of goods sold 1.091.ee Gross profit 726,000 Operating expenses (excluding 499,000 depreciation) Depreciation expense 54,000 Income before taxes 173,880 Income taxes expense 29.000 Net income $ 144,000 Additional Information on Current Year Transactions Purchased equipment for $44.400 cash sud 12.500 shares of common stock for $5 cash per share Declared and paid $94.000 cash didende Required Prepare a complete statement of cash flows using the direct method for the current year Amos to be deducted should be indicated them) GOLDEN CORPORATION Statement of Cash Flow Tort Year Ended December Cash flows from operating