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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 was
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 $16 per share. During Year 1, the company earned $63,650 in cash revenues and paid $42,646 for cash expenses. Also, a $4,100 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a statement of changes in stockholders' equity
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