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Astro Corporation was started with the issue of 5,500 shares of $10 par stock for cash on January 1, Year 1 . The stock was
Astro Corporation was started with the issue of 5,500 shares of $10 par stock for cash on January 1, Year 1 . The stock was issued at a market price of $15 per share. Duting Year 1, the company earned $64,050 in cash revenues and paid $42.914 for cash expenses. Also, a $4,700 cash divldend was paid to the stockholders. Required Prepare an income statement, statement of changes in stockholder' 'quity, balance sheet, and statement of cash flows for Astro Corporation's Year 1 fiscal yeat. 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. Stmt of Cas Prebare a statement of cash flows. (Cash outflows should be indicated with a minus sig
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