1 Required information The following information applies to the questions displayed below. Cascade Company was started on January 1, Year 1 when it acquired $164,000 cash from the owners During Year 1, the company earned cash revenues of $99,000 and incurred cash expenses af $61,900. The company also paid cash distributions of $12.000. 10 Doints eBook Required Prepare a Year 1 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) Print c. Cascade is a corporation. It issued 9,000 shares of $12 par common stock for $164,000 cash to start the business References Complete this question by entering your answers in the tabs below. Sum of Inc Samt Bal Sheet Cash Flows Changes Prepare a statement of changes in stockholders' equity for Year 1. (Deductions should be indicated by a minus sign) CASCADE COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Total stockholders' equity ME Graw HI Prev 1011 1 of 1 . Next