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30 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
30 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 of $61.900. The company also paid cash distributions of $12 000 Book 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 512 par common stock for $164 000 cash to start the business References Complete this question by entering your answers in the tabs below. Inc Strof Change Prepare a income statement for Year 1. CASCADE COMPANY Income Statement For the Year Ended December 31, Year 1 Stunt of Changes >
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