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Bonus Ch 6DDB Save & Ext Sum Check my work 1 3 Golden Manufacturing Company started operations by acquiring $150,000 cash from the home of common stock On January 1 Year 1 the company purchased equipment that cost $120.000 cash had an expected useful life of six years and had an estimated salvage Value of $4.000 Golden Manufacturing earned $72,000 and $81000 of cash revenue during Year 1 and Year 2 respectively Golden Manufacturing users 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 Yew and Year 2 1-3. Prepare statements of cash flows for Yeat and Year 2 Complete this question by entering your answers in the tabs below. PA Reine 3 Cash cord the love transactions in a hotzant statements model Cath Flowcom, whether the maig (CA), inverting A), activity ( Font change in canh NC) te element not otty thieve the collanternet accessories non intermediate casos Roundthewwers for dollar amount Not all require ante) GOLDEN MANUFACTURING COMPANY Honnantal Statement Model Bonus Ch 6 DOU Hels WH 1 Stint Sheet Cash Record the above transactions in a horizontal statements model in the Cash Flow column, indicate whether the item is an operating activity (OA), on investin activity (FA), or ne change in cash (NC) the clement is not affected by the event, leave the cell blonk Enter any decreases to account balances and casho not round intermediate calculations. Hound the final answers to nearest dollar amount. Not all cells will require entry) 3 Dots GOLDEN MANUFACTURING COMPANY Horizontal Statements Model Balance Sheet Assets Equity Common Retained Revenue Equipment Stock Earnings Income Statement Statement of Canh Flows Event Cash Expense - Net Income Your osteck Purchaequent Revenue Deprecabon Balance Year 2 Dog Revenue Dwione per Enda 0 0 + + 0 0 Rellen > Bonus Ch 6 DDB Saw 1 Complete this question by entering your answers in the tabs below. 3 point skappe Reg Reg 01 Inc Req B2 Bal Req Bu Stmt Start Sheet Cash Prepare income statements for Year 1 and Year 2. (Do not found intermediate calculations. Round the final answers to nearest dollar amount ebook PV GOLDEN MANUFACTURING COMPANY Income Statements For the Year Ended December 31 Year 1 Year 2 References Bonus Ch 6 DDB Soved 1 Complete this question by entering your answers in the tabs below. 3 points Sheet Swoped Red A Req B1 Inc Reg 2 Bal Req B3 Strat Strut Cash Prepare balance sheets for Year 1 and Year 2. (Do not found intermediate calculations. Round the final answers to nearest dollar amount.) end GOLDEN MANUFACTURING COMPANY Balance Sheets As of December 31 Year 1 Year 2 Assets 05 0 Total Assets Stockholders equity Yotal stockholders equity 5 05 0 1 Complete this question by entering your answers in the tabs below. 3 points Rega Req B1 Inc Stmnt Req B2 Bal Sheet ReqB3 Stot Cash Skloped Prepare statements of cash flows for Year 1 and Year 2 (Cash outflows should be indicated with a minus sign. Do not round Intermediate calculations. Round the final answers to nearest dollar amount.) GOLDEN MANUFACTURING COMPANY Statements of Cash Flows For the Year Ended December 31 References Year 1 Year Cash flows from operating activities Cashflows from investing activities Cash flows from financing activities Net change in cash Ending cash balance $ 05 0