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[The following information applies to the questions displayed below;] Golden Corporation's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Recelvable reflect cash receipts from customers. (3) all purchases of inventory are on eredit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) any. change in income Taxes Payable reflects the accrual and cash payment of taxes. Additional Information on Current Year Transactions a. Purchased equipment for $66,500 cash. b. Issued 13,800 shares of common stock for $5 cash per share. Required