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need help; all pictures go together Golden Manufacturing Company started operations by acquiring $130.000 cash from the issue of common stock On January 1 Year
need help; all pictures go together
Golden Manufacturing Company started operations by acquiring $130.000 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 fe of five years, and had an estimated salvage value of $12,000. Golden Manufacturing earned $91400 and $69.400 of cash revenue during Year 1 and Year 2. respectively Golden Manufacturing uses double-declining balance depreciation 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. Regine Req RB2B Reg 83 tmt Simt Cash Record the above transactions in a horizontal statements model in the Cash Flowcolumn, indem whether the item is an operating activity (OA), an vesting activity (1) a financing activity (FA) and not change in cath (NC). If the ment is not affected by the event, leave the colbank Enter any decreams to account balances and cash out with a mine not found intermediate calculation Hound the final answers to nearest dollar amount. Not all us will require entry) Show less GOLDEN MANUFACTURING COMPANY Home Model com tamen Luvity State of Event my quipment Stock Yout + . Purchase Revenue Depreciation Balance Year 2 theghal Rev Complete this question by entering your answers in the tabs below. Req A Req B1 Inc Stmt Reg B2 Bal Sheet Reg B3 Stmt Cash Prepare income statements for Year 1 and Year 2. (Do not round intermediate calculations. Round the final answers to nearest dollar amount.) GOLDEN MANUFACTURING COMPANY Income Statements For the Year Ended December 31 Year 1 Year 2 Complete this question by entering your answers in the tabs below. Req A Req B1 Inc Stmt Req B2 Bal Sheet Req B3 Stmt Cash Prepare balance sheets for Year 1 and Year 2. (Do not round intermediate calculations. Round the final answers to nearest dollar amount.) GOLDEN MANUFACTURING COMPANY Balance Sheets As of Decender 31 Year 1 Year 2 Assets Total Assets Stockholders' equity Total stockholders' equity Complete this question by entering your answers in the tabs below. Reg B1 Inc Req B2 Bal Req A Req B3 Stmt Stmt Sheet Cash Prepare statements of cash flows for Year 1 and Year 2. (Cash outflows should be indicated with a minus sign. Do not round intermediate calculations. Round the final answers to nearest dollar amount.) GOLDEN MANUFACTURING COMPANY Statements of Cash Flows For the Year Ended December 31 Year 1 Year 2 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities: Net change in cash Ending cash balance Step by Step Solution
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