Question: Part 1: Part 2: (2 pics) Part 3: Required information Use the following information for the Problems below. (Algo) [The following information applies to the

 Part 1: Part 2: (2 pics) Part 3: Required information Use

Part 1:

the following information for the Problems below. (Algo) [The following information applies

Part 2: (2 pics)

to the questions displayed below.] Golden Corporation's current year income statement, comparative

balance sheets, and additional information follow. For the year, (1) all sales

Part 3:

are credit sales, (2) all credits to Accounts Receivable reflect cash receipts

Required information 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) 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, and (5) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. Additional Information on Current Year Transactions a. Purchased equipment for $68,200 cash. b. Issued 13,900 shares of common stock for $5 cash per share. c. Declared and paid $108,000 in cash dividends. GOLDEN CORPORATION Statement of Cash Flows For Current Year Ended December 31 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations: Income statement items not affecting cash Changes in current assets and current liabilities Spreadsheet for Statement of Cash Flows For Current Year Ended December 31 Investing activities \begin{tabular}{|l|l|l|l|} \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Financing activities & & & \\ \hline & & & \\ \hline & & & \\ \hline & & $ & 0 \\ \hline \end{tabular} Required

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