Astro Corporation was started with the issue of $5,700$ shares of $$9$ par stock for cash on January $1,$ Year $1.$ The stock was issued at a

market price of $$17$ per share. During Year $1,$ the company earned $$72,100$ in cash revenues and paid $$48,307$ for cash expenses. Also,

a $$3,100$ 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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Prepare a statement of cash flows.

Note: Cash outflows should be indicated with a minus sign.