Complete this question by entering your answers in the tabs below. Reg A Req B1 Inc Stmt Req B2 Bal Sheet Req B3 Stmt Cash Flows Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, use the initials OA to designate operating activity, I activity, and NC for net change in cash. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input. Do not Round your final answers to the nearest whole dollar.) GOLDEN MANUFACTURING COMPANY Horizontal Statements Model Balance Sheet Assets Stockholder's Equity Revenue Book Value Common Retained of Stock Earnings Equipment Income Statement Expense Net Income Statement of Cash Flows Event Cash = ++++ + + + + Year 1 Issue stock Purchase equipment Revenue Depreciation expense Balance Year 2 Beg. bal Revenue Depreciation expense End, bal O 0 0 0 0 01 0= ++++ + + + + O 0 0 0+ 0 Golden Manufacturing Company started operations by acquiring $137,000 cash from the issue of common stock. On January 1, Year 1, the company purchased equipment that cost $127,000 cash, had an expected useful life of five years, and had an estimated salvage value of $12,700. Golden Manufacturing earned $85,070 and $61,490 of cash revenue during Year 1 and Year 2, respectively. Golden Manufacturing uses double-declining balance depreciation. Required a. Record the 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. Complete this question by entering your answers in the tabs below. Req A Reg Bl Inc Stmt Req B2 Bal Sheet Reg B3 Stmt Cash Flows Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, use the initials OA to designate operating a activity, and NC for net change in cash. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require inpu Round your final answers to the nearest whole dollar.) GOLDEN MANUFACTURING COMPANY Horizontal Statements Model Balance Sheet Assets Stockholder's Equity Revenue Book Value Common Retained of Stock Earnings Equipment Income Statement Expense Net Income Statement of Cash Flows Event Cash - Year 1 Issue stock Purchase equipment Donienne + Golden Manufacturing Company started operations by acquiring $137,000 cash from the issue of common stock. On January 1. Year 1, the company purchased equipment that cost $127,000 cash, had an expected useful life of five years, and had an estimated salvage value of $12,700. Golden Manufacturing earned $85,070 and $61,490 of cash revenue during Year 1 and Year 2, respectively, Golden Manufacturing uses double-declining balance depreciation. Required a. Record the 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. Complete this question by entering your answers in the tabs below. Req A Req B1 Inc Stmt Req B2 Bal Sheet Req B3 Stmt Cash Flows Prepare income statements for Year 1 and Year 2. (Do not round intermediate calculations. Round the final answers to nearest dollar amount.) GOLDEN MANUFACTURING COMPANY Income Statements Year 1 Year 2 Required a. Record the 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. Complete this question by entering your answers in the tabs below. Req B1 Inc Stmt Req B2 Bal Reg A Req B3 Stmt Cash Flows Sheet Prepare balance sheets for Year 1 and Year 2. (Do not round intermediate calculations. Round the final answer dollar amount.) GOLDEN MANUFACTURING COMPANY Balance Shoots Year 1 Year 2 Assets $ 0 $ 0 Total Assets Stockholders' equity $ 0 $ 0 Total stockholders' equity Golden Manufacturing Company started operations by acquiring $137,000 cash from the issue of common stock. On January 1, Year 1, the company purchased equipment that cost $127.000 cash, had an expected useful life of five years, and had an estimated salvage value of $12,700. Golden Manufacturing earned $85,070 and $61,490 of cash revenue during Year 1 and Year 2, respectively. Golden Manufacturing uses double-declining balance depreciation. Required a. Record the 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. Complete this question by entering your answers in the tabs below. Req B1 Inc Req B2 Bal Req B3 Stmt Reg A Stmt Sheet Cash Flows Prepare statements of cash flows for Year 1 and Year 2. (Amounts to be deducted and cash outflow I 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 Year 1 Year 2 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Not change in cash $ 0 $ 0 Ending cash balance