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Golden Corp., a merchandiser, recently completed its 2019 operations. For the year, (1) all sales...

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Accounting

Golden Corp., a merchandiser, recently completed its 2019 operations. 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 expense 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. (15 points)
GOLDEN CORPORATION
COMPARATIVE BALANCE SHEETS
DECEIVIBER 31,2019 ANO 2018
2019
2018
Assets
Current Assets
Fixed Assets
Equipment
A/D Equipment
Net Fixed Assets
\table[[335,000],[158,000
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