Use the following information for the Problems below.

[The following information applies to the questions displayed below.] Golden Corp.'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, (5) Other Expenses are all cash expenses, and (6) 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		$	171,000					$	114,700
Accounts receivable			93,500						78,000
Inventory			611,500						533,000
Total current assets			876,000						725,700
Equipment			353,800						306,000
Accum. depreciationEquipment			(161,500	)					(107,500	)
Total assets		$	1,068,300					$	924,200
Liabilities and Equity
Accounts payable		$	101,000					$	78,000
Income taxes payable			35,000						28,600
Total current liabilities			136,000						106,600
Equity
Common stock, $2 par value			600,400						575,000
Paid-in capital in excess of par value, common stock			208,600						170,500
Retained earnings			123,300						72,100
Total liabilities and equity		$	1,068,300					$	924,200

GOLDEN CORPORATION Income Statement For Current Year Ended December 31
Sales				$	1,827,000
Cost of goods sold					1,093,000
Gross profit					734,000
Operating expenses
Depreciation expense	$	54,000
Other expenses		501,000			555,000
Income before taxes					179,000
Income taxes expense					31,800
Net income				$	147,200

Additional Information on Current Year Transactions

1. Purchased equipment for $47,800 cash.
2. Issued 12,700 shares of common stock for $5 cash per share.
3. Declared and paid $96,000 in cash dividends.

Problem 12-6A Indirect: Statement of cash flows LO P2, P3

Required: 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.)