Required information The following information applies to the questions displayed below Golden Corp, a merchandiser, recently completed its 2017 operations. For the year, () all sales are credit sales (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, (5) Other Expenses are all cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes The company's balance sheets and income statement follow GOLDEN CORPORATTON Comparative Balance Sheets December 31, 2817 and 2816 017 2016 Cash Accounts receivable Inventory Total current assets Equipment Accum. depreciation-Equipmant Total assets Liabilities and Equity s 180,00e 124,609 87,0e0 542,ee 753, 6e0 378,10 315,0ee 107,000 25,e8 912,0e9 (166,80) 11,000) 1,124,100 956,600 6 7 8 9