GOLDEN CORPORATION Comparative Balance Sheets December 31
	Current Year						Prior Year
Assets
Cash		$	167,000					$	110,300
Accounts receivable			87,500						74,000
Inventory			605,500						529,000
Total current assets			860,000						713,300
Equipment			343,000						302,000
Accum. depreciationEquipment			(159,500	)					(105,500	)
Total assets		$	1,043,500					$	909,800
Liabilities and Equity
Accounts payable		$	93,000					$	74,000
Income taxes payable			31,000						26,600
Total current liabilities			124,000						100,600
Equity
Common stock, $2 par value			595,600						571,000
Paid-in capital in excess of par value, common stock			201,400						164,500
Retained earnings			122,500						73,700
Total liabilities and equity		$	1,043,500					$	909,800

GOLDEN CORPORATION Income Statement For Current Year Ended December 31
Sales				$	1,807,000
Cost of goods sold					1,089,000
Gross profit					718,000
Operating expenses
Depreciation expense	$	54,000
Other expenses		497,000			551,000
Income before taxes					167,000
Income taxes expense					26,200
Net income				$	140,800

GOLDEN CORPORATION
Spreadsheet for Statement of Cash Flows
For Current Year Ended December 31
		Analysis of Changes
	December 31, Prior Year	Debit	Credit	December 31, Current Year
Balance sheetdebit balance accounts
Cash	$110,300			$167,000
Accounts receivable	74,000
Inventory	529,000
Equipment	302,000
	$1,015,300			$167,000
Balance sheetcredit balance accounts
Accumulated depreciationEquipment	$105,500
Accounts payable	74,000
Income taxes payable	26,600
Common stock, $2 par value	571,000
Paid-in capital in excess of par value, common stock	164,500
Retained earnings	73,700
	$1,015,300			$0
Statement of cash flows
Operating activities
Investing activities
Financing activities
		$0	$0