Golden Manufacturing Company started operations by acquiting $107,000 cash from the issue of common stock. On January 1, Year 1 , the company purchased equipment that cost $97,000 cash, had an expected useful life of five years, and had an estimated salvage value of $9,700. Golden Manufacturing earned $91,850 and $63,090 of cash revenue during Year 1 and Year 2, respectivoly, Golden Manulacturing uses double-declining-balance depreciotion. 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. Record the above transactions in a horizontal statements model. (In the Cash Flow column, indicate whecher the item is an operating activity (OA), an inve activity (FA) and net change in cash (NC). Ir the element is not affected by the event, leave the cell blank. Enter any decreases to account batances and ca not round intermediate calculations. Round the final answers to nearest dollar amount. Not all cells will require entry.) Complete this question by entering your answers In the tabs below. Prepare income statements for Year 1 and Year 2. (Do not round intermediate calculations. Round the final answers dollar amount.) Complete this question by entering your answers in the tabs below. Prepare balance sheets for Year 1 and Year 2. (Do not round intermediate calculations. Round the final answers to dollar amount.) Complete this question by entering your answers in the tabs below. Prepare statements of cash fows for Year 1 and Year 2. (Cash nutflows should be indicated with a minus sign, Do not round Intermediate calculations, Round tha fias 1 and Year 2. (Cash nithows should t amount.)