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Astro Corporation was started with the issue of 5,700 shares of $8 par stock for cash on January 1 , Year 1 . The stock
Astro Corporation was started with the issue of 5,700 shares of $8 par stock for cash on January 1 , Year 1 . The stock was issued at a market price of $18 per share. During Year 1 , the company earned $71,100 in cash revenues and paid $47,637 for cash expenses. Also, a $3,800 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 a balance sheet. Astro Corporation was started with the issue of 5,700 shares of $8 par stock for cash on January 1 , Year 1 . The stock was issued at a market price of $18 per share. During Year 1, the company earned $71,100 in cash revenues and paid $47,637 for cash expenses. Also, a $3,800 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 a statement of cash flows. (Cash outflows should be indicated with a minus sign.)
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