Golden Manufacturing Company started operations by acquiring $144,000 cash from the issue of common stock. On January 1 Year the company purchased equipment that cost $134,000 cash, had an expected useful life of five years, and had an estimated Savage value of $13.400. Golden Manufacturing earned $91260 and $62,550 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. Rega Req B1 Inc Req B2 Bat Reg to stmt Samt Sheet Cash Flows Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, use the OA to designate operating activity, IA for investing activity. A for financing activity, and NC for ne change in cash Enter any decreases to account balances and cash outflows with a minus in other colle require input do not round intermediate calculation Round your final answers to the nearest whole dolar) Show less GOLDEN MANUFACTURING COMPANY Horizontal Statements Model Balance Sheet Asset Stockholder's Equity Revenue Book Value of Common Retained Equipment Stock Earnings Income Statement Expen Net Income Statement of Cash Event is Cash Yews Issue stock Purchase equipment Hervence Depreciation expense Balance Year 2 Beg tal Revenue Deprecision expense End bal Complete this question by entering your answers in the tabs below. Reg A Req B1 Inc Req B2 Bal Req B3 Stmt Stmt Sheet Cash Flows Prepare income statements for Year 1 and Year 2. (Do not round intermediate calculations. Round the final answers to nearest dollar amount.) GOLDEN MANUFACTURING COMPANY Income Statements Year 1 Year 2 Reg A Req B1 Inc Reg B2 Bal Req B3 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 Assets Yoar 2 Total Assets Stockholders' equity Total stockholders' equity Raab Elon Prepare statements of cash flows for Year 1 and Year 2. (Amounts to be deducted and cash outflows 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 Year 2 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Net change in cash Ending cash balance