Required information The following Information applies to the questions displayed below.] Golden Corp., a merchandiser, recently completed its 2017 operations. 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. (5) Other Expenses are all cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. The company's balance sheets and Income statement follow. GOLDEN CORPORATION Comparative Balance Sheets December 31, 2017 and 2016 2017 2016 $ 182,000 110,000 628.ee 920,800 383,500 (167.ee) 51, 136,500 5. 126,880 89,888 544,00 759,800 317,000 (113,eee $963,800 Assets Cash Accounts receivable Inventory Total current assets Equipment Acc. depreciation Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Total current liabilities Equity Comon stock, 52 par value Paldin Capital in excess of par value, Common stock Retard earnings Total liabilities and equity $ 123, cee 46, cee 169.000 $89.000 34,100 123, 10e 628,000 214.000 129.500 $1,136,500 586,000 187.000 6717 5963,00 GOLDEN CORPORATION Eric Statet Por Year Oldes Dentier 31, 2017 $1.602.000 Cost of wood old 1.100.000 Geospati 770. Deng Xpers Pepco $ 34.000 guee 512800 560.000 To 212.00 These 720 No $164.00 https: on texterna 10-12 a. Purchased equipment for $66,500 cash. b. Issued 13,800 shares of common stock for $5 cash per share. Declared and paid $107.000 in cash dividends. Required: Prepare a complete statement of cash flows, report its cash inflows and cash outflows from operating activities according to the Indirect method (Amounts to be deducted should be indicated with a minus sign) GOLDEN CORPORATION Statement of Cash Flows For Year Ended Droember 31, 2017 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations Cash flows from investing activities Cash flows from financing activities Net increase (decrease in casa Cash balance at beginning of year Cass balance send yes