Golden Corp.$\text{'}$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 inventory are on credit,

$(4)$ all debits to Accounts Payable reflect cash payments for inventory, $(5)$ Other Expenses are all cash expenses, and $(6)$ any change in

Income Taxes Payable reflects the accrual and cash payment of taxes.

Additional Information on Current Year Transactions

a$.$ Purchased equipment for $$36,000$ cash.

b$.$ Issued $12,000$ shares of common stock for $$5$ cash per share.

c$.$ Declared and paid $$89,000$ in cash dividends.

Using the income statement, the comparative balance sheet, and the additional information given above, reconstruct the entries for

the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the December

$31,$ current year balances.