Golden Manufacturing Company started operations by acquiring $150,000 cash from the issue of common stock. On January 1, Year 1, the company purchased equipment that cost $120,000 cash, had an expected useful life of six years, and had an estimated salvage value of $4,000. Golden Manufacturing earned $72,000 and $83,000 of cash revenue during Year 1 and Year 2, respectively. Golden Manufacturing uses double-declining-balance depreciation.

Required

1. Record the above transactions in a horizontal statements model.

1. b-1. Prepare income statements for Year 1 and Year 2.

1. b-2. Prepare balance sheets for Year 1 and Year 2.

1. b-3. Prepare statements of cash flows for Year 1 and Year 2.

please do the ones thats not correct in the picture.

Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below RA Rea 1 Se Res 12 Sheet Res St Cast Record the above transactions in total statements made in the show.column, Indicate whether the item is incorrectly investing, anche activity (PA), or change (NC). If the montis not affected by the event over the Evany decreto counter and this with me non vermediate cafetion. Round the finanswers to restorant Not all calls wilt Shu GOLDEN MANUFACTURING COMPANY Horten Model be ette BY Caan Reven Red finns Nel he nat . 150.000 ve 120.000 Puth Raw Depron 150.000 120.0001 - 72.000 D. 10000 000 O co 72.000 72.000 149,000 00 OS HOP . 40 000 40.000 100T 0.0001 12.0cd DO- DO 00 120.000 72.00 140.00 2.000 150.000 1 190.000 NG 120,000 10 Se Revenue Deco 83.000 1,00 100 DOO 40.000 00 185.000 500.000 00 DO 150.000 0.000 1000 (26,667 0.333 ve ve 28.687 2007 00 120.000 38.000 (207) 33 000 300 NG Regine >