Astro Corporation was started with the issue of 4,500 shares of $9 par stock for cash on January 1, Year 1. The stock was issued at a market price of $17 per share. During Year 1, the company earned $70,300 in cash revenues and paid $47,101 for cash expenses. Also, a $4,700 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 Stmt of Balance Statem... Changes Sheet Stmt of Cash ASTRO CORPORATION Balance Sheet ASTRO CORPORATION Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities: Net cash flow from operating activities Cash flows from investing activities: Prepare the income statement. ASTRO CORPORATION Income Statement ASTRO CORPORATION Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock For the Year Ended December 31, Year Ending common stock 1 Beginning retained earnings Ending retained earnings Total stockholders' equity As of December 31, Year 1 Assets Total assets Liabilities Stockholders' equity Net cash flow from investing activities Cash flows from financing activities: Total Paid-In Capital Total liabilities and stockholders' equity Net cash flow from financing activities Net change in cash Ending cash balance Newly formed S&J Iron Corporation has 149,000 shares of $4 par common stock authorized. On March 1, Year 1, S&J Iron issued 11,000 shares of the stock for $10 per share. On May 2, the company issued an additional 20,000 shares for $19 per share. S&J Iron was not affected by other events during Year 1. Required a. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank. b. Determine the amount S&J Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount S&J Iron would report for paid-in capital in excess of par. d. What is the total amount of capital contributed by the owners? e. What amount of total assets would S&J Iron report on the December 31, Year 1, balance sheet? Complete this question by entering your answers in the tabs below. Req A Req B to E Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank. Req A Req B to E S&J IRON CORPORATION Horizontal Statements Model Balance Sheet Income Statement b. Determine the amount S&J Iron would report for common stock on the December 31, Year 1, balance sheet. Assets = Liabilities + Stockholders' Equity Revenue - Expense Net Income Cash Flow c. Determine the amount S&J Iron would report for paid-in capital in excess of par. d. What is the total amount of capital contributed by the owners? Event Cash March 1 May 2 Common + Stock PIC in Excess e. What amount of total assets would S&J Iron report on the December 31, Year 1, balance sheet? b. Common stock < Req A Req B to E > Paid-in capital in excess of C. par d. Total paid-in capital e. Total assets Show less