Golden Manufacturing Company started operations by acquiring $149.000 cash from the issue of common stock. On January 1 Year 1 the company purchased equipment that cost $39.000 cash, had an expected useful life of five years, and had an estimated salvage value of $13.900. Golden Manufacturing earned $92,900 and $68.280 of cash revenue during Year 1 and Year 2 respectively. Golden Manufacturing uses double declining balance depreciation Required 6. 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. REGA Regol Sunt Reg 02 Bal Sheet Reg ) Smt Cash Record the above transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity activity (FA) and not change in cash (NC). If the clement is not affected by the event, leave the collblank Enter any decreases to contact not Found intermediate calculations, Round the finalmers to rest dlar amount. Not all col wil require entry) GOLDEN MANUFACTURING COMPANY Horizontal Statements Model Balance Sheet Assets Equity BV Commen Retained Revenue Equipment Stock Earnings Income Statement Event Cash Expense Statement of Cash Flow Net Income + + Year 1 issue stock Purchase equipment Revenue Deprebon expense Balance Yan 2 Beg bal Revenue Depreciation expert End R 1 Ane Stml> wers in the tabs below. Req A Req B1 Inc Stmt Req B2 Bal Sheet Req B3 Stmt Cash Prepare income statements for Year 1 and Year 2. (Do not round intermediate calculations. Round the final a dollar amount.) nces GOLDEN MANUFACTURING COMPANY Income Statements For the Year Ended December 31 Year 1 Year 2 Req A Req B1 Inc Stmt Req B2 B Sheet Req B3 Stmt Cash Prepare balance sheets for Year 1 and Year 2. (Do not round interme dollar amount.) ces GOLDEN MANUFACTURING COMPANY Balance Sheets As of December 31 Year 1 Assets Year 2 Total Assets Stockholders' equity Total stockholders' equity