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.

Additional Information on Year 2017 Transactions
a. Purchased equipment for $36,000 cash.
b. Issued 12,000 shares of common stock for $5 cash per share.
c. Declared and paid $89,000 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.

GOLDEN CORPORATION Comparatlve Balance Sheets December 31, 2017 and 2016 Accounts receivable Accum. depreciation-Equipment $1.025,000 $899,000 Paid-in capital in excess of par value, common stock earnings Total liabilities and equity $1.025,000 $899,000 GOLDEN CORPORATION Income Statement For Year Ended December 31, 2017 less.._.--. Cost of goods sold $1,792,000 1,086,000 706,000 Operating expenses $ 54,000 494,000 548,000 158,000 22,000 136,000 Other expenses Net income