The to the questions displayed below Golden Corporation's current year income statement, comparative balance sheets, and additional information follow the 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 inventoryand $(5)$ any change in Income Taxes Payable reflects the accrual and cash payment of taxes