urgent please

Required information [The following information applies to the questions displayed below] The following events apply to Gulf Seafood for the 2016 fiscal year: 1. The company started when it acquired $60,000 cash by issuing common stock. 2. Purchased a new cooktop that cost $40,000 cash. 3.Earned $72.000 in cash revenue. 4.Paid $25,000 cash for salaries expense. 5. Adjusted the records to reflect the use of the cooktop. Purchased on January 1, 2016, the cooktop has an expected useful life of four years and an estimated salvage value of $4,000. Use straight-line depreciation. The adjusting entry was made as of December 31, 2016. b. Prepare a balance sheet and a statement of cash flows for the 2016 accounting period. (Amounts to be deducted should be indicated by a minus sign.) Golden Manufacturing Company started operations by acquiring $105.600 cash from the issue of common stock. On January 1, Year 1. the company purchased equipment that cost $105,600 cash, had an expected useful life of six years, and had an estimated salvage value of $21,120. Golden Manufacturing earned $99,630 and $60,940 of cash revenue during Year 1 and Year 2 , respectively. Golden Manufacturing uses double-declining-balance depreciation. Required Prepare income statements, balance sheets, and statements of cash flows for Year 1 and Year 2 . Use a vertical statements format. (Hint Record the events in T-accounts prior to preparing the statements.) (Do not round intermediote colculotions. Round your final answers to the nearest whole dollar. Amounts to be deductod and net loss should be indicoted with a minus sign.)