Golden Manufacturing Company started operations by acquiring $80 , 000 cash from the issue of common stock. On January 1, Year 1, the company purchased equipment that cost $70 , 000 cash, had an expected useful life of five years, and had an estimated salvage value of $7 , 000 . Golden Manufacturing earned $96 , 020 and $67 , 520 of cash revenue during Year 1 and Year 2, respectively. Golden Manufacturing uses double-declining-balance depreciation. Required a. Record the above transactions in a horizontal statements model. b-1. Prepare income statements for Year 1 and Year 2. b-2. Prepare balance sheets for Year 1 and Year 2. b-3. Prepare statements of cash flows for Year 1 and Year 2. Complete this question by entering your answers in the tabs below. Record the above transactions in a horizontal statements model. (In the Cash Flow column, indicate whether the it activity (FA) and net change in cash (NC). If the element is not affected by the event, leave the cell blank. Enter a not round intermediate calculations. Round the final answers to nearest dollar amount. Not all cells will require ent Record the above trantactions in a horizontal statements model. (in the Cash Flow column, indicato whether the item is an operating actevity (OA), an imesting activey (iA). a fini actrvity (FA) and net change in Camp (NC). If the element is not affected by the event, leave the cell blank. Enter any decreases to account batences and cish outhewi with a mini not round interinediate caiculations. Round the final anspers to nearest dollar amount. Not all celis will requite ontry.) Golden Manutacturing Company started operations by acquiring $80.000 cash froms the issue of common stock On lonuary 1, Yea 1 . the campany purchased equipment that cost $70.000 cash, had an expected useful afe of five years, and hid an estinated salvioge value of \$7,000, Golden Manufacturing eaened $96 , 020 and 367520 of cash revenue during Year 1 and Year-2, respectively, Golden Manulacturing uses double-declining-balance depreciation: Required a. Record the above transactions in a horizontal statements model. b-1, Prepare income satements for Year 1 and Year 2. b-2. Prepare balance sheets for Year 1 and Year 2. b-3. Prepare statements of cash fows for Year 1 and Yoar 2. Compiete this auestien by entering your anawers in the tabs below. dellar amseunt, ) Prepare balance sheets for Year 1 and Year 2. (Do not round internediate calculations. Round the final answers to inarma doilar ambunt.) Required a. Record the above transactions in a horizontal statements model. b.1. Prepare income statements for Year 1 and Year 2. b.2. Prepare balance sheets for Year 1 and Year 2 . b-3. Prepare statements of cash fiows for Year 1 and Year 2. Compiete this question by entering your answers is the tabs below. Prepare statements of cash flows for Year 1 and Year 2. (Cash ovifioms should be indicated with a ninus sign, Do not cound incermedate calculations. Round the finat answers to nearest do.

1. Golden Manufacturing Company started operations by acquiring $80 , 000 cash from the issue of
common stock. On January 1, Year 1, the company purchased equipment that cost $70 , 000
cash, had an expected useful life of five years, and had an estimated salvage value of $7 , 000 .
Golden Manufacturing earned $96 , 020 and $67 , 520 of cash revenue during Year 1 and Year 2,
respectively. Golden Manufacturing uses double-declining-balance depreciation. Required a.
Record the above transactions in a horizontal statements model. b-1. Prepare income statements
for Year 1 and Year 2. b-2. Prepare balance sheets for Year 1 and Year 2. b-3. Prepare statements
of cash flows for Year 1 and Year 2. Complete this question by entering your answers in the tabs
below. Record the above transactions in a horizontal statements model. (In the Cash Flow
column, indicate whether the it activity (FA) and net change in cash (NC). If the element is not
affected by the event, leave the cell blank. Enter a not round intermediate calculations. Round the
final answers to nearest dollar amount. Not all cells will require ent Record the above
trantactions in a horizontal statements model. (in the Cash Flow column, indicato whether the
item is an operating actevity (OA), an imesting activey (iA). a fini actrvity (FA) and net change
in Camp (NC). If the element is not affected by the event, leave the cell blank. Enter any
decreases to account batences and cish outhewi with a mini not round interinediate caiculations.
Round the final anspers to nearest dollar amount. Not all celis will requite ontry.) Golden
Manutacturing Company started operations by acquiring $80.000 cash froms the issue of
common stock On lonuary 1, Yea 1 . the campany purchased equipment that cost $70.000 cash,
had an expected useful afe of five years, and hid an estinated salvioge value of $7,000, Golden
Manufacturing eaened $96 , 020 and 367520 of cash revenue during Year 1 and Year-2,
respectively, Golden Manulacturing uses double-declining-balance depreciation: Required a.
Record the above transactions in a horizontal statements model. b-1, Prepare income satements
for Year 1 and Year 2. b-2. Prepare balance sheets for Year 1 and Year 2. b-3. Prepare statements
of cash fows for Year 1 and Yoar 2. Compiete this auestien by entering your anawers in the tabs
below. dellar amseunt, ) Prepare balance sheets for Year 1 and Year 2. (Do not round
internediate calculations. Round the final answers to inarma doilar ambunt.) Required a. Record
the above transactions in a horizontal statements model. b.1. Prepare income statements for Year
1 and Year 2. b.2. Prepare balance sheets for Year 1 and Year 2 . b-3. Prepare statements of cash
fiows for Year 1 and Year 2. Compiete this question by entering your answers is the tabs below.
Prepare statements of cash flows for Year 1 and Year 2. (Cash ovifioms should be indicated with
a ninus sign, Do not cound incermedate calculations. Round the finat answers to nearest dotar
amount.)