golden manufacturing company started operations by acquiring $111,600 cash from the issue of common stock. on January 1, year 1, the company purchased equipment that cost $111,600 cash, had an expected useful life of six years, and had an estimated salvage value of $22,320. Golden manufacturing earned $96,780 and $69,190 of cash revenue during year 1 and year 2, respectively. Golden manufacturing uses double-declining balance depreciation. prepare income statements, balance sheets, and statements of cash flows for year 1 and year 2. use vertical statements format.