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Use the following information for the Problems below. Golden Corp. a merchandiser, recently completed its 2017 operations. For the year, (l) 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 (5) Other Expenses are all cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. The company's balance sheets and Income statement follow GOLDEN CORPORATION Comparative Balance Sheets December 31, 2017 and 2016 170,000 92,000 610,000 113,600 77.000 532.000 . depreciatio n 390.600 palar Recounts payable Income tax payable Total current liabilities $ 99,000 77.000 20. 100 604,000 574.000 Common stock, 02 par valve Paid-in capital in excess of par value, common stock Retained earnings Total abilities and equity 123,100 $1.062.100 72.00 920.600 GOLDEN GORPORATION For Tearded December 31, 2017 1.092,000 Problem 16-6A Indirect: Statement of cash flows LO P1, P2, P3 Additional Information on Year 2017 Transactions Purchased equipment for $45 100 cash sued 12.600 hares of common stock for cash per share Declared and paid $95.000 in cash dividends. Required: Prepare a complete statement of cash flows report its cash inflows and cash outflows from operating activities according to the indirect method (Amounts to be deducted should be indicated with a minus sign.) GOLDEN CORPORATION Statement of Cash Flows For Year Ended December 31, 2017 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations: Cash flows from investing activities Cash flows from financing activities: Net increase (decrease) in cash Cash balance at beginning of year Cash balance at end of year

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