Please answer in proper format with all working clearly

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, and (5) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. GOLDEN CORPORATION Comparative Balance Sheets December 31 Assets Current Year Prior Year Cash 164,000 $ 107, 000 Accounts receivable 83,000 71,000 Inventory 601, 000 526, 000 Total current assets 848, 000 704,000 Equipment 335,000 299,000 Accum. depreciation Equipment (158,000) (104, 000) Total assets $1, 025, 000 $ 899,000 Liabilities and Equity Accounts payable $ 87,000 71,000 Income taxes payable 28, 000 25,000 Total current liabilities 115,000 96,000 Equity Common stock, $2 par value 592,900 568,000 Paid-in capital in excess of par value, common stock 196,000 160,900 Retained earnings 122, 000 75,000 Total liabilities and equity $1,025,000 $ 899,000 GOLDEN CORPORATION Income Statement For Current Year Ended December 31 Sales $1,792,000 Cost of goods sold 1,086,000 Gross profit 706, 000 Operating expenses (excluding depreciation) 194,000 Depreciation expense 54, 000 Income before taxes 158,000 Income taxes expense 22, 000 Net income $ 136,000 Additional Information on Current Year 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 using the direct method for the current year. (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 Cash flows from investing activities Cash flows from financing activities Net increase (decrease) in cash Cash balance at December 31, prior year Cash balance at December 31, current year