apters $12,13$ & $14($i$)$

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 Receivable reflect cash receipts from customers, $(3)$ all purchases of invents 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.

Total liabilities and equity

GOLDEN CORPORATION

Income Statement

For Current Year Ended December $31$

Sales

Cost of goods sold

$\backslash$table$[[$$$1,832,000$