Question: Prepare a complete statement of cash flows using the indirect method for the current year. ( Amounts to be deducted should be indicated with a

Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.)
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.
\table[[\table[[GOLDEN CORPORATION],[Comparative Balance Sheets],[At December 31]],,],[,Current Year,Prior Year],[\table[[Assets],[Cash]],,],[\table[[Cash],[Accounts receivable]],$166,000,$109,200
 Prepare a complete statement of cash flows using the indirect method

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