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Additional Information on Current Year Transactions a. Purchased equipment for $47,800 cash. b. Issued 12,700 shares of common stock for $5 cash per share. c. Declared and paid $96,000 in cash dividends. Required: Prepare a complete statement of cash flows using the indirect method for the current year. Note: Amounts to be deducted should be indicated with a minus sion. [The following information opplies to the questions displayed below] Golden Corporation's current year income stotement, comparative balance sheets, and additional informotion 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 Additional Information on Current Year Transactions a. Purchased equipment for $47,800 cash b. Issued 12700 shares of common stock for $5 cosh per shore c. Declared and paid $96,000 in cash dividends Required: Prepare a complete statement of cash flows using a spreadsheet under the indirect method Note: Enter oll emounts as positive values. Requited 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. Additional Informetion on Current Year Transactions - Purchosed equipment for $47,800 cash. b. Issued 12,700 shares of common stock for $5 cash per share. c. Declared and paid $96,000 in cash dividends. Spreadsheet for Statement of Cash Flows For Current Year Ended December 31 \begin{tabular}{|c|c|c|c|c|} \hline & \multirow{2}{*}{December31,PriorYear} & \multicolumn{2}{|c|}{ Analysis of Changes } & \multirow{2}{*}{December31,CurrentYear} \\ \hline & & Debit & Credit & \\ \hline \multicolumn{5}{|l|}{ Balance sheet--debit balance accounts } \\ \hline Cash & 114,700 & & & 171,000 \\ \hline Accounts receivable & 78,000 & & +2 & \\ \hline Inventory & 533,000 & & & +2 \\ \hline Equipment & 306,000 & & & \\ \hline+2 & 1,031,700 & 8 & & \$ 171,000 \\ \hline Balance sheet-credit balance accounts & +2 & & & +2 \\ \hline Accumulated depreciation-Equipment & 107,500 & & & \\ \hline Accounts payable & 78,000 & - & +2 & \\ \hline Income taxes payable & 28,600 & & & \\ \hline Common stock, \$2 par value & 575,000 & & +2 & +2 \\ \hline Paid-in capital in excess of par value, common stock & 170,500 & +2 & & \\ \hline Retained earnings & 72,100 & & & \\ \hline & \begin{tabular}{|l|l|} S1,031,700 \\ \end{tabular} & & & \\ \hline Statement of cash flows & & & & \\ \hline \multicolumn{5}{|l|}{ Operating activities } \\ \hline & & & +2 & \\ \hline & 8x & & 2 & + \\ \hline & 38 & & & \\ \hline 2 & +3 & 2 & & \\ \hline & & 1 & & \\ \hline & & & 2 & \\ \hline \multicolumn{5}{|l|}{ Investing activities } \\ \hline & 4 & & & 87 \\ \hline & I & 1 & & \\ \hline \multicolumn{5}{|l|}{ Financing activties } \\ \hline & & & & \\ \hline & & & & 8 \\ \hline & & 50 & 5 & \\ \hline \end{tabular}