[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	$ 184,000	$ 129,000
Accounts receivable	113,000	91,000
Inventory	631,000	546,000
Total current assets	928,000	766,000
Equipment	388,900	319,000
Accumulated depreciationEquipment	(168,000)	(114,000)
Total assets	$ 1,148,900	$ 971,000
Liabilities and Equity
Accounts payable	$ 127,000	$ 91,000
Income taxes payable	48,000	35,100
Total current liabilities	175,000	126,100
Equity
Common stock, $2 par value	616,000	588,000
Paid-in capital in excess of par value, common stock	232,000	190,000
Retained earnings	125,900	66,900
Total liabilities and equity	$ 1,148,900	$ 971,000

GOLDEN CORPORATION
Income Statement
For Current Year Ended December 31
Sales	$ 1,892,000
Cost of goods sold	1,106,000
Gross profit	786,000
Operating expenses (excluding depreciation)	514,000
Depreciation expense	54,000
Income before taxes	218,000
Income taxes expense	50,000
Net income	$ 168,000

Additional Information on Current Year Transactions

1. Purchased equipment for $69,900 cash.
2. Issued 14,000 shares of common stock for $5 cash per share.
3. Declared and paid $109,000 in cash dividends.

Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.) Prepare a complete statement of cash flows using a spreadsheet under the indirect method. (Enter all amounts as positive values.)

Prepare a complete statement of cash flows using the direct method for the current year. (Amounts to be deducted should be indicated with a minus sign.)