Astro Corporation was started with the issue of $4,100$ shares of $$11$ par stock for cash on January $1,$ Year $1.$ The stock was issued at a market price of $$18$ per share, During Year $1,$ the company earned $$63,000$ in cash revenues and paid $$42,210$ for cash expenses. Also, a $$3,900$ cash dividend was pald 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

Stmt of

Balance Sheet

Statement of

Statement

Changes

Cash Flows

Prepare the income statement.

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