Purchased equipment for $$47,800$ cash. Issued $12,700$ shares of common stock for $$5$ cash per share. Declared and paid $$96,000$ in cash dividends. $($s$)$ all purcnases ot inventory are on crea$$r$,$

$(4)$ 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.GOLDEN CORPORATION Comparative Balance Sheets December $31$GOLDEN CORPORATION

Income Statement For Current Year Ended December $31$

Additional Information on Current Year Transactions $($s$)$ all purcnases ot inventory are on crea$$r$,$

$(4)$ 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.GOLDEN CORPORATION Comparative Balance Sheets December $31$GOLDEN CORPORATION

Income Statement For Current Year Ended December $31$

Additional Information on Current Year Transactions $\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|$l$|$l$|\}$

$\backslash$hline & $\backslash$multirow$[$b$]\{2\}\{*\}\{$December $31,$ Prior Year$\}$ & $\backslash$multicolumn$\{2\}\{|$c$|\}\{$Analysis of Changes$\}$ & December $31,$ Current Year $\backslash \backslash$

$\backslash$hline & & Debit & Credit & $\backslash \backslash$

$\backslash$hline Balance sheet$-$debit balance accounts & & & & $\backslash \backslash$

$\backslash$hline Cash & $\backslash$$ $114,700$ & & & $\backslash$$ $171,000\backslash \backslash$

$\backslash$hline Accounts receivable & $78,000$ & & & $\backslash \backslash$

$\backslash$hline Inventory & $533,000$ & & & $\backslash \backslash$

$\backslash$hline Equipment & $306,000$ & & & $\backslash \backslash$

$\backslash$hline & $\backslash$$ $1,031,700$ & & & $\backslash \backslash$

$\backslash$hline Balance sheet$-$credit balance accounts & & & & $\backslash \backslash$

$\backslash$hline Accumulated depreciation$-$Equipment & $\backslash$$ $107,500$ & & & $\backslash \backslash$

$\backslash$hline Accounts payable & $78,000$ & & & $\backslash \backslash$

$\backslash$hline Income taxes payable & $28,600$ & & & $\backslash \backslash$

$\backslash$hline Common stock, $\backslash$$$2$ par value & $575,000$ & & & $\backslash \backslash$

$\backslash$hline Paid$-$in capital in excess of par value, common stock & $170,500$ & & & $\backslash \backslash$

$\backslash$hline Retained earnings & $72,100$ & & & $\backslash \backslash$

$\backslash$hline & $\backslash$$ $1,031,700$ & & & $\backslash \backslash$

$\backslash$hline Statement of cash flows & & & & $\backslash \backslash$

$\backslash$hline Operating activities & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|$l$|$l$|\}$

$\backslash$hline Paid$-$in capital in excess of par value, common stock & $170,500$ & & & $\backslash \backslash$

$\backslash$hline Retained earnings & $72,100$ & & & $\backslash \backslash$

$\backslash$hline & $\backslash$$ $1,031,700$ & & & $\backslash \backslash$

$\backslash$hline Statement of cash flows & & & & $\backslash \backslash$

$\backslash$hline Operating activities & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Investing activities & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Financing activities & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$