Golden Corpotation's current year income statement, comparavve balance sheets, and additional informaton follow. For the year, (t) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (B) 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 Additionel informetion on Current Yeer Transections e. Purchased equipment for $59,700 cash. b. Issued 13,400 shares of common stock for $5 cash per share c. Declared and pald $103,000 in' cash dividends. Golden Corpotation's current year income statement, comparavve balance sheets, and additional informaton follow. For the year, (t) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (B) 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 Additionel informetion on Current Yeer Transections e. Purchased equipment for $59,700 cash. b. Issued 13,400 shares of common stock for $5 cash per share c. Declared and pald $103,000 in' cash dividends