Golden Manufacturing Company started operations by acquiring $144,000 cash from the issue of common stock. On January 1, Year 1, the company purchased equipment that cost $134,000 cash, had an expected useful life of five years, and had an estimated salvage value of $13,400. Golden Manufacturing earned $87,240 and $65,730 of cash revenue during Year 1 and Year 2, respectively. Golden Manufacturing uses double-declining-balance depreciation. Required a. Record the above 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. Req 01 Inc Reg A Stmt Req 82 Bal Req 83 Ste Sheet Cash Record the above transactions in a horizontal statements model. (In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (LA), a financing activity (FA) and net change in cash (NC). If the element is not affected by the event, leave the cell blank. Enter any decreases to account balances and cash outflows with a minus sign. Do not round intermediate calculations. Round the final answers to nearest dolar amount. Not all cells will require entry) GOLDEN MANUFACTURING COMPANY Horizontal Statements Model Balance Sheet EQURY Event Cash By Equipment Common Stock Retained Revenue Earnings Income Statement Statement of Cash Expense Net income Flows Show less Year 1 issue stock Purchase equipment . Revenue . Depreciation expense Balance 01. 0 0. 0 0 0 Beg ba Revenue Depreciation expense End bal 01 0 RegA Reg B1 Inc Semt >