work Help Required information Use the following information for the Problems below. The following information applies to the questions displayed below.] Golden Corp, a merchandiser, recently completed its 2017 operations. For the year, () all sales are credit sales, (2) all credits to Accounts Receivable refiect 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 Peyable reflects the accrual and cash payment of taxes. The company's balance sheets and income statement follow GOLDEN CORPORATION Coeparative Balance Sheets Decenber 31, 2017 and 2016 173,000 116,900 96,500 Inventory Total current assets Equipment ccum. depreciation-Equipment Total assets Liabiiities and Equity Accounts payable Ineone taxes payable Total euzrent 1iabilities Eqwity Common stoek, $2 par value Paid-in capital in excess of par valse, common stock Retained earning Total liabilities and equity 4.000535 000 359.200 30.000 ,0B0,700 931,400 105,000 0,000 37-029.500 142,000 610,000577,000 173,500 $1,080,700 931,400 1, 2017