Astro Corporation was started with the issue of 5,300 shares of $9 par stock for cash on January 1, Year 1. The stock was issued at a market price of $15 per share. During Year 1, the company earned $72,950 in cash revenues and paid $48,877 for cash expenses. Also, a $4,700 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 Corporations Year 1 fiscal year.

Astro Corporation was started with the issue of 5,300 shares of $9 par stock for cash on January 1 , Year 1 . The stock was issued at a market price of $15 per share. During Year 1, the company earned $72,950 in cash revenues and paid $48,877 for cash expenses. Also, a $4,700 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. Prepare the income statement. Complete this question by entering your answers in the tabs below. Prepare a statement of changes in stockholders' equity. ASTRO CORPORATION repare a statement of cash flows. (Cash outflows should be indicated with a minus sign.)