the year, $(1)$ all sales are credit sales, all credits to Accounts Kecelvable retlect cash receipts trom customers, $()$ 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.

Problem $16-6$A $($Algo$)$ Indirect: Statement of cash flows LO P$2,$ P$3$

Required:

Prepare a complete statement of cash flows using the indirect method for the current year.

Note: Amounts to be deducted should be indicated with a minus sign.

$\backslash$table$[[$GOLDEN CORPORATION$],[$Statement of Cash Flows,$],[$For Current Year Ended December $31,],[$Cash flows from operating activities,$],[$Adjustments to reconcile net income to net cash provided by operations:,$],[$Income statement items not affecting cash,$],[,],[$Changes in current assets and current liabilities,$]]$