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Astro Corporation was started with the issue of 5,700 shares of $9 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 5,700 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 $61,900 in cash revenues and paid $41,473 for cash expenses. Als a $4,000 cash dividend was paid to the stockholders. Required Prepare an income statergent, statement of changes in stockholders' equlty, 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. Balance Sheet Stmt of Cash Flows Income Stmt of Statement Changes Prepare the income statement. ASTRO CORPORATION Income Statement For the Year Ended December 31, Year 1 Stmt of Changes

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