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Golden Manufacturing Company started operations by acquiring $ 1 0 8 , 0 0 0 cash from the issue of common stock. On January 1

Golden Manufacturing Company started operations by acquiring $108,000
cash from the issue of common stock. On January 1, Year 1, the company
purchased equipment that cost $98,000 cash, had an expected useful life of
five years, and had an estimated salvage value of $9,800. Golden
Manufacturing earned $89,350 and $66,340 of cash revenue during Year 1
and Year 2, respectively. Golden Manufacturing uses double-declining-
balance depreciation.
Required
a. Record the transactions in a horizontal statements model.
b-1. Prepare income statements for Year 1 and Year 2.
b-2. Prepare balance sheets for Year 1 and Year 2.
b-3. Prepare
statements of cash flows for Year 1 and Year 2.|
Help me all of these please.
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