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Check Golden Manufacturing Company started operations by acquiring 576,600 cash from the issue of common stock on January 1 Year the company purchased equipment that

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Check Golden Manufacturing Company started operations by acquiring 576,600 cash from the issue of common stock on January 1 Year the company purchased equipment that cost $76,600 cash had an expected useful le of six years, and had an estimated salvage value of $15,320. Golden Manufacturing earned $90.870 and $66.700 of cash revenue during Your 1 and Year 2. respectively. Golden Manufacturing uses double-declining balance depreciation Required: Prepare income statements, balance sheets, and statements of cash flows for Year and Year 2 Use a vitical statements format. Record the events in Taccounts prior to preparing the statements.) (Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Amounts to be deducted and net loss should be indicated with a minus sign GOLDEN MANUFACTURING COMPANY Financial Statements Year 1 Income statements Year 2 Balance sheets Assets Totalsts Stockholders' equity Balance sheets Assets Total assets Stockholders' equity Total stockholders' equity Statements of cash flows 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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