Required information The following information applies to the questions displayed below.] Golden Corp, a merchandiser, recently completed its 2018 operations. 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 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 CORPORATION Comparative Balance Sheets December 31, 2018 and 2017 2018 Assets Cash Accounts receivable Inventory Total current assets Equipment Accum. depreciation-Equipment Total assets 180,000 124,600 87,000 625,000542,000 912,000 753,600 378,100 315,000 107,000 (166,000) (112,000) $1,124,100 956,600 Liabilities and Equity Accounts payable Income taxes payable Total current liabilities Equity Common stock, $2 par value Paid-in capital in excess of par value, common stock Retained earnings $ 119,000 87,000 33,100 4,000 63,000 120,100 624,000596,800 171,200 -125,100 68,500 $1,124,100 956,600 212, 000 rotal liabilities and equity