Business, 05.11.2019 04:31, ashvinmsingh
Golden manufacturing company started operations by acquiring $150,000 cash from the issue of common stock. on january 1, 2018, the company purchased equipment that cost $120,000 cash, had an expected useful life of six years, and had an estimated salvage value of $4,000. golden manufacturing earned $72,000 and $83,000 of cash revenue during 2018 and 2019, respectively. golden manufacturing uses double-declining-balance depreciation. required record the purchase in a horizontal statements model. b-1.prepare an income statements for 2018 and 2019. use a vertical statements format. b-2.prepare a balance sheets for 2018 and 2019. use a vertical statements format. b-3. prepare a statements of cash flows for 2018 and 2019. use a vertical statements format.
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