Golden Corp, a merchandiser, recently completed its 2018 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 Expenses 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. GOLDEN CORPORATION Comparative Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Cash Accounts receivable Inventory Total current assets Equipment Accum, depreciation-Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Total current liabilities Equity Common stock, $2 par value Paid-in capital in excess of par value, common stock $ 180,000 124,600 87,000 625,000542,000 753, 600 378,100 315,000 107,000 912,000 (166-000) (112,000) $1,124,100 956,600 $119,000 87,000 44,00033,100 163,000 624,000 596,800 212,000 171,200 125,100 68,500 $1,124,100 956,600 Total liabilities and equity