Golden Manufacturing Company started operations by acquiring $87,300 cash from the issue of common stock. On January 1, Year 1, the company purchased equipment that cost $87,300 cash, had an expected useful life of six years, and had an estimated salvage value of $17,460. Golden Manufacturing earned $95,750 and $62,460 of cash revenue during Year 1 and Year 2, respectively. Golden Manufacturing uses double-declining-balance depreciation. Required: Prepare income statements, balance sheets, and statements of cash flows for Year 1 and Year 2. Use a vertical statements format. (Hint: Record the events in T-accounts prior to preparing the statements.) (Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Amounts to be deducted and net loss should be indicated with a minus sign.)