Golden Manufacturing Company started operations by acquiring $136,900 cash from the issue of common stock. On January 1, 2016, the company purchased equipment that cost $136,900 cash, had an expected useful life of six years, and had an estimated salvage value of $27,380. Golden Manufacturing earned $93,970 and $63,070 of cash revenue during 2016 and 2017, respectively. Golden Manufacturing uses double-declining-balance depreciation Required Prepare income statements, balance sheets, and statements of cash flows for 2016 and 2017. Use a vertical statements format. (Hint: Record the events in T-accounts prior to preparing the statements.) (Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Amounts to be deducted and net loss should be indicated with a minus sign.) GOLDEN MANUFACTURING COMPANY Financial Statements 2016 2017 Income statements Balance sheets Assets Total assets 0 Stockholders' equity 0 Total stockholders' equity Statements of cash flows Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Net change in cash 0 0 Ending cash balance