Required information Use the following information for the Problems below. Golden Corp., a merchandiser, recently completed its 2017 operations. For the year, () all sales are credit sales. (2) all credits to Accounts Receivable reflect cash receipts from customers. (3) all purchases of inventory are on credit 149) 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. The company's balance sheets and income statement follow. GOLDEN CORPORATION Comparative Balance Sheets December 31, 2017 and 2816 5 Assets Cash Accounts receivable s 167,000 110,300 605,500 713,300 343,800 Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable $1,843,500 $989, S 93,000$74,e0 31,008 26,6e 124,00020100 Total current 1iabilities Common stock, $2 par value Paid-in capital in excess of par value, common stock 199,800 $1,843,