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Astro Corporation was started with the issue of 4,900 shares of $12 par stock for cash on January 1, Year 1. The stock was issued

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Astro Corporation was started with the issue of 4,900 shares of $12 par stock for cash on January 1, Year 1. The stock was issued at a market price of $20 per share. During Year 1, the company earned $64,950 in cash revenues and paid $43,517 for cash expenses. Also, a $3,200 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. Prepare the income statement. market pnice or $ per snare, uunng rear 1 , the company earned $64,950 in casn revenues ano paid $43.517 lor casin exptises. Also, a $3,200 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 yeat. Complete this question by entering your answers in the tabs below. Prepare a statement of changes in stockholders' equity. Complete this question by entering your answers in the tabs below. Prepare a balance sheet. \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ ASTRO CORPORATION } \\ \multicolumn{1}{|c|}{ Sor the Year Ended December 31, Year 1} & \\ \hline \multicolumn{1}{|c|}{ Fof of Cash Flows } & & \\ \hline Cash flows from operating activities & & \\ \hline Receipts from revenues & & \\ \hline Paid for expenses & & \\ \hline Net cash flow from operating activities & & \\ \hline Cash flows from investing activities & & \\ \hline & & \\ \hline \end{tabular}

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