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Astro Corporation was started with the issue of 5,300 shares of $10 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 $10 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 $57,100 in cash revenues and paid $38,257 for cash expenses. Also, a $3,700 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 Ending common stock $ Beginning retained earnings Plus: Net income Less: Dividend Ending retained earnings Total stockholders' equity $ 0 0 Astro Corporation was started with the issue of 5,300 shares of $10 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 $57,100 in cash revenues and paid $38,257 for cash expenses. Also, a $3,700 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 balance sheet. ASTRO CORPORATION Balance Sheet As of December 31, Year 1 Assets $ 0 Total assets Liabilities Stockholders' equity Total Paid-In Capital Astro Corporation was started with the issue of 5,300 shares of $10 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 $57,100 in cash revenues and paid $38,257 for cash expenses. Also, a $3,700 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 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: $ ol Net cash flow from investing activities Cash flows from financing activities
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