Prepare a complete statement of cash flows using the indirect method for the current year.

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. \begin{tabular}{|c|c|c|} \hline Total current assets & 848,000 & 704,000 \\ \hline Equipment & 335,000 & 299,000 \\ \hline Accum. depreciation-Equipment & (158,000) & (104,000) \\ \hline Total assets & $1,025,000 & $899,000 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Equity } \\ \hline Accounts payable & $87,000 & $71,000 \\ \hline Income taxes payable & 28,000 & 25,000 \\ \hline Total current liabilities & 115,000 & 96,000 \\ \hline \multicolumn{3}{|l|}{ Equity } \\ \hline Common stock, $2 par value & 592,000 & 568,000 \\ \hline Paid-in capital in excess of par value, common stock & 196,000 & 160,000 \\ \hline Retained earnings & 122,000 & 75,000 \\ \hline Total liabilities and equity & $1,025,000 & $899,000 \\ \hline \end{tabular} GOLDEN CORPORATION Income Statement For Current Year Ended December 31 \begin{tabular}{lr} Sales & $1,792,000 \\ Cost of goods sold & 1,086,000 \\ \cline { 2 - 2 } Gross profit & 706,000 \\ Operating expenses (excluding depreciation) & 494,000 \\ Depreciation expense & 54,000 \\ \hline \end{tabular} 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 indirect method for the current year