Use the following Informatlon for the Problems below. $($Algo$)$

$[$The following information applles to the questions displayed below.$]$

Golden Corporation's current year income statement, comparative balance sheets, and additional Information follow. For the year.

$(1)$ all sales are credit sales.

$(2)$ all credits to Accounts Recelvable reflect cash recelpts from customers,

$(3)$ all purchases of Inventory are on credit.

$(4)$ all debits to Accounts Payable reflect cash payments for Inventory, and

$(5)$ any change in Income Taxes Payable reflects the accrual and cash payment of taxes.

GOLDEN CORPORATION

Incuine statenlent For Current Year Ended decenben $31$

Sales

cost of goods sold

Gross protit

operating expenses $($excluding deprecialion$)$

Deprecration expense

Incame befure laxts

Incoime taxes expense

Net incorle

$\backslash$table$[[$$$1,832,600$