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 $19 per share. During Year 1, the company earned $67,300 in cash revenues and paid $45,091 for cash expenses. Also, a $4,500 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 Corporations Year 1 fiscal year.

Complete this question by entering your answers in the tabs bel Income Stmt of Changes Balance Sheet Stmt of Cash Flows Statement Prepare the income statement. Retained earnings Expenses Net income Str ASTRO CORPORATION Income Statement For the Year Ended December 31, Year 1 $ 0 Income Statement Income Statement Stmt of Changes Balance Sheet Stmt of Cash Flows Prepare a statement of changes in stockholders' equity. ASTRO CORPORATION Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Plus: Issuance of common stock Ending common stock Beginning retained earnings Plus: Net income Plus: Dividend Ending retained earnings Total stockholders' equity $