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In: AccountingTypewritten answers only, please. No handwrittenanswers.Thank you.Golden Manufacturing Company started operations by acquiring...Typewritten answers only, please. No handwrittenanswers.Thank you.Golden Manufacturing Company started operations by acquiring$111,000 cash from the issue of common stock. On January 1, 2018,the company purchased equipment that cost $101,000 cash, had anexpected useful life of five years, and had an estimated salvagevalue of $10,100. Golden Manufacturing earned $99,310 and $69,480of cash revenue during 2018 and 2019, respectively. GoldenManufacturing uses double-declining-balance depreciation.Prepare an income statements for 2018 and 2019. Use a verticalstatements format. (Do not round intermediate calculations. Roundthe final answers to nearest dollar amount.)GOLDENMANUFACTURING COMPANYIncomeStatementsFor the YearEnded December 3120182019        b-2. Prepare a balance sheets for 2018 and 2019. Use a verticalstatements format. (Do not round intermediate calculations. Roundthe final answers to nearest dollar amount.)GOLDENMANUFACTURING COMPANYBalanceSheetsAs ofDecember 3120182019AssetsTotal Assets$0$0Stockholders’ equityTotal stockholders’equity$0$0b-3. Prepare a statements of cash flows for 2018 and 2019. Use avertical statements format. (Amounts to be deducted should beindicated with minus sign. Do not round intermediate calculations.Round the final answers to nearest dollar amount.)GOLDENMANUFACTURING COMPANYStatementsof Cash FlowsFor the YearEnded December 3120182019Cash flows from operatingactivitiesCash flows from investingactivitiesCash flows from financingactivitiesNet change in cashEnding cash balance$0$0Typewritten answers only, please. No handwrittenanswers.Thank you.