Stone Corporation was started with the issue of 1,000 shares of \(\$ 5\) par stock for cash on January 1 , 2011. The stock was issued at a market price of \(\$ 18\) per share. During 2011, the company earned \(\$ 23,000\) in cash revenues and paid \(\$ 17,000\) for cash expenses. Also a \(\$ 1,200\) cash dividend was paid to the stockholders.
Required
Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Stone Corporation's 2011 fiscal year.