Astro Corporation was started with the issue of 5,000 shares of $9 par stock for cash on January 1. Year 1. The stock was issued at a market price of $18 per share. During Year 1, the company earned $57,050 in cash revenues and paid $38,224 for cash expenses, Also, a $5,000 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 Statement Stmt of Changes Balance Sheet Stmt of Cash Flows Prepare the income statement. ASTRO CORPORATION Income Statement For the Year Ended December 31, Year 1 Revenues: Cash Net income $ 57,050 38,224 $ 18,826 Astro Corporation was started with the issue of 5,000 shares of $9 par stock for cash on January 1, Year 1. The stock was issued at a market price of $18 per share. During Year 1, the company earned $57,050 in cash revenues and paid $38,224 for cash expenses. Also, a $5,000 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 Statement Stmt of Changes Balance Sheet Stmt of Cash Flows Prepare a statement of changes in stockholders' equity. ASTRO CORPORATION Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Plus Issuance of common stock $ 90,000 Ending common stock Beginning retained earnings Plus Net income Less: Dividend Ending retained earnings Total stockholders' equity 18,826 5,000 $ 90,000 13,826 $ 103,826 Income Statement Balance Sheet > Income Statement Stmt of Changes Balance Sheet Stmt of Cash Flows Prepare a balance sheet. ASTRO CORPORATION Balance Sheet As of December 31, Year 1 Assets Cash Total assets Liabilities Stockholders' equity Total Paid-In Capital Total liabilities and stockholders' equity $ 103,826 < Stmt of Changes $ 103,826 $ Stmt of Cash Flows > heducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fne Wi Saved Income Statement Stmt of Changes Stmt of Cash Balance Sheet Flows Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.) 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 Net cash flow from investing activities Cash flows from financing activities Net cash flow from financing activities Net change in cash Ending cash balance $ 0 0 0 0 13 $ 0 < Balance Sheet Stmt of Cash Flows