Astro Corporation was started with the issue of 5,900 shares of $12 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 earned $57,700 in cash revenues and paid $38,659 for cash expenses. Also, a $4,500 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 Corporations Year 1 fiscal year.

Complete this question by entering your answers in the tabs below. Prepare the income statement