Record the above transactions in a horzontal statements model. Also, in the Statement of Cash Fiows column, classify the cash flaws as operabing activilies (OA), investir financing octivities (FA). Note: Enter any decreases to account balances and cash cuthows with a minus sign. Do not round intermediate calculations. Round the final answers to nearest dolar am require entry. Golden Manufacturing Company started operations by acquiring $149,000 cash from the issue of common stock. On January 1, Year 1 , the company purchased equipment that cost $139,000 cash, had an expected useful life of five years, and had an estimated salvage value of $13,900. Golden Manufacturing earned $86,410 and $66,920 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. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). b. Prepare income statements, balance sheets, and statements of cash flows for Year 1 and Year 2. Use o vertical statements format. Complete this question by entering your answers in the tabs below. Prepare income statements for Year 1 and Year 2. Note: Do not round intermediate calculations. Round the final answers to nearest dollar amount Complete this question by entering your answers in the tabs below. Prepare statements of cash flows for Year 1 and Year 2. Note: Cash outflows should be indicated with a minus sign. Do not round intermediate calculations. Round the final a to nearest dollar amount. Complete this question by entering your answers in the tabs below. Prepare balance sheets for Year 1 and Year 2. Note: Do not round intermediate calculations. Round the final answers to nearest dollar amount