Astro Corporation was started with the issue of 4,300 shares of $12 par stock for cash on January 1, Year 1. The stock was issued at a market price of $15 per share. During Year 1, the company earned $58,950 in cash revenues and paid $39,497 for cash expenses Also, a $3,500 cash dividend was paid to the stockholders. Required Prepare an income statement, statement of changes in stockholdersequity, 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. Prepare the income statement. Prepare a statement of changes in stockholders' equity. Prepare a balance sheet. Pronara a statement of cash flows. (Cash outflows should be indicated with a minus sign.)