Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it doe Golden Manufacturing Company started operations by acquiring $120 800 cash from the issue of common stock on Januaryt Year the company purchased equipment that cost $120.800 cast had an expected useful life of sex years, and had an estimated salvage value of $24960. Golden Manufacturing eamed $89260 and $65.190 of cash revenue during Year 1 and your respectively Golden Manufacturing uses double declining balance depreciation Required Prepare income statements and balance sheets for Year and Year 2 Use a vertical statements format in Record the events in accounts 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) Answer is complete but not entirely correct GOLDEN MANUFACTURING COMPANY Financial Statements Year Income tants 10250 S.55.100 2) (32.212 STOL Balance sheets Cath EU And on 000 3005154450 120 00 0 000 2010 OOO 52100 Schiers OO 110 ST 04 00 > Type here to search O RI E DOLL Po 7 95 VAN AF 3 $ 4 2 8 7 5 6 00 Q E R T. Y