Golden Corporation's current year Income statement, comparative balance sheets, and additional information follow. For the year,

$(1)$ all sales are credit sales,

$(2)$ all credits to Accounts Recelvable reflect cash recelpts from customers,

$(3)$ all purchases of inventory are on credit.

$(4)$ all debits to Accounts Payable reflect cash payments for Inventory, and

$(5)$ any change in Income Taxes Payable reflects the accrual and cash payment of taxes.

COLDIN COPPOIATION

Tricole Statement.

for Corfant year fided December t$31$

Sales

Cost of goots sold

Gross priotit.

operatimg experses $($extluilte depretiation$)$

Depretiliotion experser

Tricome betorti taves

Incorle tiaks expletise

teat incoria

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