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Astro Corporation was started with the issue of 4,400 shares of $9 par stock for cash on January 1, Year 1. The stock was issued

Astro Corporation was started with the issue of 4,400 shares of $9 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 $63,600 in cash revenues and paid $42,612 for cash expenses. Also, a $3,500 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 Corporation's Year 1 fiscal year

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