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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,
[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 $59,700 cash. b. Issued 13,400 shares of common stock for $5 cash per share. c. Declared and paid $103,000 in cash dividends. Required: Prepare a complete statement of cash flows using a spreadsheet under the indirect method. (Enter all amounts as positive values Required: Prepare a complete statement of cash flows using a spreadsheet under the indirect method. (Enter all amounts as positive values \begin{tabular}{|l|r|l|l|} \hline Accumulated depreciation-Equipment & $ & 111,000 & \\ \hline Accounts payable & 85,000 & \\ \hline Income taxes payable & 32,100 & \\ \hline Common stock, \$2 par value & 582,000 & \\ \hline Paid-in capital in excess of par value, common stock & $ & 181,000 & \\ \hline Retained earnings & 1,060,400 & & \\ \hline Statement of cash flows & & & \\ \hline Operating activities & & & \\ \hline & & & \\ \hline \hline \end{tabular} \begin{tabular}{|l|} \hline \\ \hline Investing activities \\ \hline Financing activities \\ \hline \\ \hline \\ \hline \end{tabular}
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