Golden Corporation's current year income statement, comparative balance sheets, and additional information follow. For the year, all sales are credit sales, all credits to Accounts Receivable reflect cash receipts from customers, all purchases of inventory are on credit, all debits to Accounts Payable reflect cash payments for inventory, and any change in Income Taxes Payable reflects the accrual and cash payment of taxes.
GOLDEN CORPORATION
Comparative Balance Sheets
December
Assets
Cash
Accounts receivable
Inventory
Total current assets
Equipment
Accumulated depreciationEquipment
Total assets
Liabilities and Equity
Accounts payable
Income taxes payable
Total current liabilities
Equity
Common stock, $ par value
Paidin capital in excess of par value, common stock
Retained earnings
Total liabilities and equity
Current Year Prior Year
table$$
Its cut off on the picture but ut also has a section for filling out
"Net increase decrease in cash"
"Cash balance at December prior year"
"Cash balance at December current year"
