Question: Please help :) Already did the first part i'm just missing the next two Answer is complete and correct. GOLDEN CORPORATION Statement of Cash Flows
Please help :) Already did the first part i'm just missing the next two







Answer is complete and correct. 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 54,000 Changes in current assets and current liabilities Increase in accounts receivable \\( (19,000) \\) Increase in inventory \\( (82,000) \\) Increase in accounts payable 30,000 Increase in taxes payable 9,900 Net cash provided by operating activities \\( \\$ \\quad 151,300 \\) Additional Information on Current Year Transactions a. Purchased equipment for \\( \\$ 59,700 \\) cash. b. Issued 13,400 shares of common stock for \\( \\$ 5 \\) cash per share. c. Declared and paid \\( \\$ 103,000 \\) 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. Required: Prepare a complete statement of cash flows using a spreadsheet under the indirect method. Note: Enter all amounts as positive values. 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) 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. \\begin{tabular}{|l|l|l|l|} \\hline Statement of cash flows & & & \\\\ \\hline Operating activities & & & \\\\ \\hline & & & \\\\ \\hline & & & \\\\ \\hline & & & \\\\ \\hline Investing activities & & & \\\\ \\hline & & & \\\\ \\hline & & & \\\\ \\hline Financing activities & & & \\\\ \\hline & & & \\\\ \\hline & & & \\\\ \\hline & & & \\\\ \\hline & & & \\\\ \\hline \\end{tabular}
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