Question: Requlred: Prepare a complete statement of cash flows using the Indirect method for the current year. Note: Amounts to be deducted should be Indlcated with



Requlred: Prepare a complete statement of cash flows using the Indirect method for the current year. Note: Amounts to be deducted should be Indlcated with a minus sign. Required Information [The following information applies to the questions displayed below.] Golden Corporation's current year Income statement, comparatlve balance sheets, and additional Information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Recelvable reflect cash recelpts 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 \\( \\$ 63,100 \\) cash. b. Issued 13,600 shares of common stock for \\( \\$ 5 \\) cash per share. c. Declared and paid \\( \\$ 105,000 \\) in cash dividends
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