[The following information applies to the questions displayed below.] Golden Corporation's current year income statement,...
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[The following information applies to the questions displayed below.] Golden Corporation's current year income statement, comparative balance sheets, and additional information fol the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and ( change in Income Taxes Payable reflects the accrual and cash payment of taxes. Additional Information on Current Year Trensections 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: Problem 12-6A (Algo) Indirect: Statement of cash flows LOP2.P3 Problem 12.6A (Algo) Indirect: Statement of cash flows LO P2, P3 Required: Prepare o complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.)
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