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8-please help me fill the graphs Golden Manufacturing Company started operations by acquiring $107,000 cash from the issue of common stock. On January 1, Year

8-please help me fill the graphs

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Golden Manufacturing Company started operations by acquiring $107,000 cash from the issue of common stock. On January 1, Year 1. the company purchased equipment that cost $97.000 cash, had an expected useful life of five years, and had an estimated salvage value of $9,700. Golden Manufacturing earned $98,160 and $60,450 of cash revenue during Year 1 and Year 2, respectively. Golden Manufacturing uses double-declining-balance depreciation. Required a. Record the above transactions in a horizontal statements model. b-1. Prepare income statements for Year 1 and Year 2. b-2. Prepare balance sheets for Year 1 and Year 2. b-3. Prepare statements of cash flows for Year 1 and Year 2.Record the above transactions in a horizontal statements model. (In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), a financing activity (FA) and net change in cash (NC). If the element is not affected by the event, leave the cell blank. Enter any decreases to account balances and cash outflows with a minus sign. Do not round intermediate calculations. Round the final answers to nearest dollar amount. Not all cells will require entry.) Show less A GOLDEN MANUFACTURING COMPANY Horizontal Statements Model Balance Sheet Income Statement Assets Equity Statement of Cash Event Revenue Expense Flows Cash + BV Common = Net Income Equipment Stock + Retained Earnings Year 1 Issue stock Purchase equipment Revenue Depreciation expense Balance = 11 11 Year 2 Beg. bal. + 1I Revenue Depreciation expense + End. bal. + = + 11 11 11Reg A Reg B1 Inc Reg B2 Bal Req B3 Stmt Stmt Sheet Cash dollar amount.) Prepare income statements for Year 1 and Year 2. (Do not round intermediate calculations. Round the final answers to nearest GOLDEN MANUFACTURING COMPANY Income Statements For the Year Ended December 31 Year 1 Year 2Reg A Reg B1 Inc Reg B2 Ball Reg B3 Stmt Stmt Sheet Cash Prepare balance sheets for Year 1 and Year 2. (Do not round intermediate calculations. Round the final answers to nearest dollar amount.) GOLDEN MANUFACTURING COMPANY Balance Sheets As of December 31 Year 1 Year 2 Assets Total Assets Stockholders' equity Total stockholders equityReg A Reg B1 Inc Rec B2 Bal Req 83 Stimt Stmt Sheet Cash Prepare statements of cash flows for Year 1 and Year 2. (Cash outflows shoul intermediate calculations. Round the final answers to nearest dollar amount.) GOLDEN MANUFACTURING COMPANY Statements of Cash Flows For the Year Ended December 31 Year 1 Year 2 Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities: Net change in cash Ending cash balance

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