Golden Manufacturing Company started operations by acquiring $137,000 cash from the issue of common stock. On January 1, Year 1, the company purchased equipment that cost $127,000 cash, had an expected useful life of five years, and had an estimated salvage value of $12700. Golden Manufacturing earned $85,940 and $63,200 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. Complete this question by entering your answers in the tabs below. Reg A Req B1 Inc Reg 02 Bal Req B3 Stmt Stmt Sheet Cash Flows Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, use the initial OA to designate operating activi activity, and NC for net change in cash, Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input. De Round your final answers to the nearest whole dollar.) GOLDEN MANUFACTURING COMPANY Horizontal Statements Model Balance Sheet Assets Stockholder's Equity Revenue Book Value Common Retained of Stock Equipment Earning Income Statement Expense - Net Income Statement of Cash Flows Event Cash GOLDEN MANUFACTURING COMPANY Horizontal Statements Model Balance Sheet Assets Stockholdet's Equity Revenue Book Value Common Retained of Stock Equipment Earnings Income Statement Expense = Net Income Statement of Cash Flows Event Cash + + + 0+ 0 O 0 0 0 Year 1 Issue stock Purchase equipment Revenue Depreciation expense Balance Year 2 Beg, bal Revenue Depreciation expense End, bal + 0 . 0 0 O = 0 Resa Req B1 Inc Simt> Complete this question by entering your answers in the tabs below. Req A Reg B1 Inc Stmt Reg B2 Bal Sheet Reg B3 Stmt Cash Flows BEL Prepare income statements for Year 1 and Year 2. (Do not round intermediate calculations. Round the final answers to nearest dollar amount.). 05 GOLDEN MANUFACTURING COMPANY Income Statements Year 1 Year 2 Complete this question by entering your answers in the tabs below. Req B1 Inc Req B2 Bal Rega Req 83 Stmt Stmt Sheet Cash Flows Prepare balance sheets for Year 1 and Year 2. (Do not round intermediate calculations. Round the final answers to nearest dollar amount.) GOLDEN MANUFACTURING COMPANY Balance Sheets Year 1 Year 2 Assets $ 0 $ 0 Total Assets Stockholders' equity Total stockholders' equity $ 0 $ 0 Complete this question by entering your answers in the tabs below. Req A Req B1 Inc Stmt Req B2 Bal Sheet Req B3 Stmt Cash Flows Prepare statements of cash flows for Year 1 and Year 2. (Amounts to be deducted and cash outfiows should be indicated with a minus sign. Do not round Intermediate calculations. Round the final answers to nearest dollar amount.). GOLDEN MANUFACTURING COMPANY Statements of Cash Flows Year 1 Cash flows from operating activities Year 2 Cash flows from investing activities Cash flows from financing activities Net change in cash Ending cash balance $ 0 $ 0