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Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below] Golden Corporation's current year income statement, comparative
Use the following information for the Problems below. (Algo) [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) oll soles are credit soles, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payoble reflect cash payments for inventory, and (5) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. Aaditional Informetion on Current Year Transactions a. Purchosed equipment for \\( \\$ 51,200 \\) cash. b. Issued 12.900 shares of common stock for \\( \\$ 5 \\) cash per share c. Declared and paid \\( \\$ 98.000 \\) in cash dividends. Required: Prepare a complete statement of cash flows using the indirect method for the current year
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