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Golden Corp., a merchandiser, recently completed its 2013 operations. 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, (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, 2013 and 2012
	2013		2012
Assets
Cash	$	169,000	$	138,000
Accounts receivable		84,000		73,000
Merchandise inventory		610,000		515,000
Equipment		345,000		221,000
Accum. depreciation—Equipment		(159,000)		(101,000)

Total assets	$	1,049,000	$	846,000

Liabilities and Equity
Accounts payable	$	145,000	$	63,000
Income taxes payable		30,000		27,000
Common stock, $2 par value		592,000		562,000
Paid-in capital in excess of par value, common stock		208,000		163,000
Retained earnings		74,000		31,000

Total liabilities and equity	$	1,049,000	$	846,000

GOLDEN CORPORATION Income Statement For Year Ended December 31, 2013
Sales			$	1,795,000
Cost of goods sold				1,087,000

Gross profit				708,000
Operating expenses
Depreciation expense	$	58,000
Other expenses		500,000		558,000

Income before taxes				150,000
Income taxes expense				22,000

Net income			$	128,000

Additional Information on Year 2013 Transactions
a.	Purchased equipment for $124,000 cash.
b.	Issued 15,000 shares of common stock for $5 cash per share.
c.	Declared and paid $85,000 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.)