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

 

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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. GOLDEN CORPORATION Statement of Cash Flows For Current Year Ended December 31 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operations Income statement items not affecting cash Depreciation expense Changes in current assets and current liabilities Increase in accounts receivable Increase in inventory Increase in accounts payable Increase in taxes payable 54,000 Net cash provided by operating activities $ 54,000 Cash flows from investing activities Cash paid for equipment Cash flows from financing activities: Cash received from stock issuance Cash paid for cash dividends 0 Net increase (decrease) in cash 0 $ 54,000 Cash balance at December 31, prior year Cash balance at December 31, current year $ 54,000 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. GOLDEN CORPORATION Statement of Cash Flows For Current Year Ended December 31 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operations Income statement items not affecting cash Depreciation expense Changes in current assets and current liabilities Increase in accounts receivable Increase in inventory Increase in accounts payable Increase in taxes payable 54,000 Net cash provided by operating activities $ 54,000 Cash flows from investing activities Cash paid for equipment Cash flows from financing activities: Cash received from stock issuance Cash paid for cash dividends 0 Net increase (decrease) in cash 0 $ 54,000 Cash balance at December 31, prior year Cash balance at December 31, current year $ 54,000