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Astro Corporation was started with the issue of 5,500 shares of $11 par stock for cash on January 1, 2018. The stock was issued at
Astro Corporation was started with the issue of 5,500 shares of $11 par stock for cash on January 1, 2018. The stock was issued at a market price of $20 per share. During 2018, the company earned $57,550 in cash revenues and paid $38,559 for cash expenses. Also, a $4,000 cash dividend was paid to the stockholders. Prepare a statement of cash flows. (Negative amounts should be indicated by a minus sign.) ASTRO CORPORATION Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities: $ 0 Net cash flow from operating activities Cash flows from investing activities $ 0 Net cash flow from investing activities Cash flows from financing activities 0 Net cash flow from financing activities Net change in cash 0 Ending cash balance $ 0
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