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Astro Corporation was started with the issue of 5.500 shares of 511 par stock for cash on January 1, Year 1. The stock was issued

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Astro Corporation was started with the issue of 5.500 shares of 511 par stock for cash on January 1, Year 1. The stock was issued at a market price of $19 per share. During Year 1, the company eamed $68,000 in cash revenues and paid $45,560 for cash expenses Also, a $4,400 cash divend was paid to the stockholders: Required Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash fiows, 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. Complete this question by entering your answers in the tabs below. Prepare a balance sheet. Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.)

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