Golden Corp., a merchandiser, recently completed its $2019$ operations. For the year, $(1)$ all sales are credit sales, $(2)$ all credits to Accounts receivable reflect cash receipts from customers, $(3)$ all purchases of inventory are on credit, $(4)$ all debits to accounts payable reflect cash payments for inventory, $(5)$ Other expense are all cash expenses, and $(6)$ any change in Income Taxes payable reflects the accrual and cash payment of taxes. The company's balance sheets and income statement follow. $(15$ points$)$

GOLDEN CORPORATION

COMPARATIVE BALANCE SHEETS

DECEIVIBER $31,2019$ ANO $2018$

$2019$

$2018$

Assets

Current Assets

Fixed Assets

Equipment

A$/$D Equipment

Net Fixed Assets

$\backslash$table$[[335,000],[158,000$