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0 Required information [The following information applies to the questions displayed below.] Cascade Company was started on January 1, 2018, when it acquired $166,000 cash
0 Required information [The following information applies to the questions displayed below.] Cascade Company was started on January 1, 2018, when it acquired $166,000 cash from the owners. During 2018, the company earned cash revenues of $81,400 and incurred cash expenses of $60,300. The company also paid cash distributions of $9,000. Required Prepare a 2018 income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows under each of the following assumptions. (Consider each assumption separately a. Cascade is a sole proprietorship owned by Carl Cascade. Complete this question by entering your answers in the tabs below. Inc Stmt Cap Stmt Bal Sheet Cash Flows Prepare an income statement for 2018
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