Astro Corp

Question 1 fors) Score This Queston value 2.00 points Astro Corporation was started with the issue of 5,800 shares of $12 par common stock for cash on January 1, 2016. The stock was issued at a market price of $15 per share. During 2016, the company eaned $71,700 in cash revenues and paid $48,039 for cash expenses. Also a $3,900 cash dividend was paid to the stockholders Prepuire n ncome statement statement of changes in stockholders' equily, balance sheet andsatement Prepare an income statement, statement of changes in stockholders equity, balance sheet, and statement of cash flows for Astro Corporation's 2016 fiscal year. (Statement of Cash Flows only, items to be deducted must be indicated with a negative amount. Round your answers to the nearest whole dollar amount.) ASTRO CORPORATION Income Statement For the Year Ended December 31, 2016