The following information applies to the questions displayed below) Golden Corp.'s current year income statement, comparative balance sheets, and additional information follow. For the year, (t) 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 GOLDEN CORPORATION Comparative Balance Sheets December 31 Current Year Prior Year $ 173,000 96,500 614,500 884,000 359,200 (162,500) $1,080, 700 $ 116,900 80,000 535,000 731,900 308,000 108,500) $ 931,400 Cash Lecounts receivable Inventory Total current assets Equipment Accum. depreciation Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Total current liabilities Equity Common stock, 92 par value Paid-in capital in excess of par value, com $ $ 105,000 37,000 142.000 80,000 29,600 109,600 602,800 212,200 123,700 $1,080,700 577,000 173,500 71,300 $ 931,400 libilities and equity GOLDEN CORPORATION Income Statement For Current Year Ended December 31 Cost of goods sold Cross profit Operating expenses Depreciation expense Other expenses Income before taxes Income taxes expense Net Income 503.000 Additional Information on Current Year Transactions Prev osrs Next > heet for Statement of Cahawa For Current Year Ended December 31 Analysis of Changes er 31, Prior Debit Credit December 31, Current Year Balance sheetdebit balance accounts 173.000 Cash Accounts receivable Inventory Equipment 116.900 80,000 535,000 308,000 1,039,900 173,000 Balance sheet credit balance accounts Accumulated depreciation Equipment Accounts payable Income taxes payable Common stock. $2 par value Paid-in capital in excess of par value, common stock Retained earings 108,500 80.000 29,600 577,000 173,500 71,300 1,039.900 Statement of cash flows Operating activities Investing activities Financing activities SOSO The following information applies to the questions displayed below) Golden Corp.'s current year income statement, comparative balance sheets, and additional information follow. For the year, (t) 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 GOLDEN CORPORATION Comparative Balance Sheets December 31 Current Year Prior Year $ 173,000 96,500 614,500 884,000 359,200 (162,500) $1,080, 700 $ 116,900 80,000 535,000 731,900 308,000 108,500) $ 931,400 Cash Lecounts receivable Inventory Total current assets Equipment Accum. depreciation Equipment Total assets Liabilities and Equity Accounts payable Income taxes payable Total current liabilities Equity Common stock, 92 par value Paid-in capital in excess of par value, com $ $ 105,000 37,000 142.000 80,000 29,600 109,600 602,800 212,200 123,700 $1,080,700 577,000 173,500 71,300 $ 931,400 libilities and equity GOLDEN CORPORATION Income Statement For Current Year Ended December 31 Cost of goods sold Cross profit Operating expenses Depreciation expense Other expenses Income before taxes Income taxes expense Net Income 503.000 Additional Information on Current Year Transactions Prev osrs Next > heet for Statement of Cahawa For Current Year Ended December 31 Analysis of Changes er 31, Prior Debit Credit December 31, Current Year Balance sheetdebit balance accounts 173.000 Cash Accounts receivable Inventory Equipment 116.900 80,000 535,000 308,000 1,039,900 173,000 Balance sheet credit balance accounts Accumulated depreciation Equipment Accounts payable Income taxes payable Common stock. $2 par value Paid-in capital in excess of par value, common stock Retained earings 108,500 80.000 29,600 577,000 173,500 71,300 1,039.900 Statement of cash flows Operating activities Investing activities Financing activities SOSO