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Astro Corporation was started with the issue of 5,300 shares of $11 par stock for cash on January 1, Year 1. The stock was issued
Astro Corporation was started with the issue of 5,300 shares of $11 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 $69.000 in cash revenues and paid $46,230 for cash expenses. Also, a $3,800 cash dividend was paid to the stockholders. 5 points 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. eBook Complete this question by entering your answers in the tabs below. References Income Statement Stmt of Changes Stmt of Cash Balance Sheet Flows Prepare a balance sheet. ASTRO CORPORATION Balance Sheet As of December 31. Year Assets $ 0 Total assets Liabilities Stockholders equity Common stock Total Paid-In Capital 0 Total liabilities and stockholders' equity $ 0
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