2 3 " Golden Corp.'s current year income statement, comparative balance sheets, and additional information follow For the year ( 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 GOLDEN CORPORATION Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Total current assets Equipment Accus. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Income taxas payable Total current liabilities Equity Connon stock, $2 par value Paid-in capital in excess of par value, common stock Retained earnings Total liabilities and equity E a GOLDEN CORPORATION Income Statement For Current Year Ended December 31 80 44 55 F $1,872,000 Current Tear Price that $100,000 107,000 425,000 $124,400 87,000 543,400 912,000 753,600 370,100 (164,000) 315,000 (112,000) $1,124,100 956,600 $119,000 397,000 44,000 33,100 163,000 120,100 611,200 584,000 224,000 164,000 125,100 48,500 $1,124,100 $.956.500 > 96 MacBook Pro 47 R T Y U F G H L 88 C V B N M 6 K O