direct method for statement of cash flow

Required information 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) al sales are credit soles. (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) ail purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. Meemunoo eartiagu Total 1isbilities and equity Additional information on Current Year Transactions a. Purchased equipment for $58,000 cash. b. Issued 13,300 shares of common stock for $5 cosh per share. c. Declared and pald $102,000 in cash dividends. Required: Prepare a complete statement of cash flows using the direct method for the current year: Note: Amounts to be deducted should be indicated with a minus sign