Accounting. I appreciate any help! 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 Information on Current Year Transactions a. Purchased equipment for $37,600 cash. b. Issued 12,100 shares of common stock for $5 cash per share. c. Declared and paid $90,000 in cash dividends. Problem 12-6A (Algo) Indirect: Statement of cash flows LO P2, P3 rrodiem I<-oA (AIgo) inairect: statement ot casn tiows LU r<, rs 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 sign..

1. Accounting. I appreciate any help! 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 Information on Current Year Transactions a. Purchased equipment for $37,600
cash. b. Issued 12,100 shares of common stock for $5 cash per share. c. Declared and paid
$90,000 in cash dividends. Problem 12-6A (Algo) Indirect: Statement of cash flows LO P2, P3
rrodiem I<-oA (AIgo) inairect: statement ot casn tiows LU r<, rs 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 sign.