Astro Corporation was started with the issue of $2,000$ shares of $$5$ par stock for cash on January $1,$ Year $1.$ The stock was issued at a market price of $$12$ per share. During Year $1,$ the company earned $$31,000$ in cash revenues and paid $$17,100$ for cash expenses. Also, a $$2,000$ 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 Astro Corporation's Year $1$ fiscal year.

Complete this question by entering your answers in the tabs below.

Income Statement

Stmt of Changes

Balance Sheet

Statement of Cash Flows

Prepare the income statement.

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