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Astro Corporation was started with the issue of 4,600 shares of $11 par stock for cash on January 1, 2018. The stock was issued at
Astro Corporation was started with the issue of 4,600 shares of $11 par stock for cash on January 1, 2018. The stock was issued at a market price of $17 per share. During 2018, the company earned $71,700 in cash revenues and paid $48,039 for cash expenses. Also, a $4,800 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 2018 fiscal year
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