Golden Corp.. a merchandiser, recently completed its 201′:Ir operations. For the year, {1} all sales are credit sales. {2} all
credits to Accounts Receivable re?ect 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 [5] any
change in Income Taxes Payable re?ects the accrual and cash payment of taxes. The company’s balance sheets and
income statement follow. ?ns-ts Cash $ 161,000 5 110.300
Accounts receivable BT,500 74,000
Inventory 605.500 529.000
Total current assets 360,000 ?13,300
Equipment 343.000 302.000
Accum. depreciation—Equipment !159,500l l105,500!
Total assets $1,043,500 5 905,300
Liabilities and Equity Accounts payable 5 93.000 5 74.000
Income taxes payable 31,000 26,600
Total current liabilities 124,000 100,600
Equity Common stock, $2 par value 590.000 571.000
Paid-in capital in excess of par value, common stock 199,000 164,500
Retained earnings 122,500 73.?00
Total liabilities and equity $1,043,500 $ 909,300

Additional Information on Year 2017 Transactions

1. Purchased equipment for $41,000 cash.
2. Issued 12,300 shares of common stock for $5 cash per share.
3. Declared and paid $92,000 in cash dividends.

Required:

Prepare complete statement of cash flows; report its cash inflows and cash outflows from operating activities according to theindirect method. (Amounts to be deducted should be indicated with a minus sign.)