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Astro Corporation was started with the issue of 5,100 shares of $9 par stock for cash on January 1 , Year 1 . The stock
Astro Corporation was started with the issue of 5,100 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 $71,750 in cash revenues and paid $48,073 for cash expenses. Also, a $4,400 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the income statement. Astro Corporation was started with the issue of 5,100 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 $71,750 in cash revenues and paid $48,073 for cash expenses. Also, a $4,400 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a statement of changes in stockholders' equity. Astro Corporation was started with the issue of 5,100 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 $71,750 in cash revenues and paid $48,073 for cash expenses. Also, a $4,400 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a balance sheet. Astro Corporation was started with the issue of 5,100 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 $71,750 in cash revenues and paid $48,073 for cash expenses. Als a $4,400 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.)
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