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c Astro Corporation was started with the issue of 5,000 shares of $12 par stock for cash on January 1. Year 1. The stock was
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Astro Corporation was started with the issue of 5,000 shares of $12 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 $65.450 in cash revenues and paid $43,852 for cash expenses. Also, a $3,200 cash dividend was paid to the stockholders. Required Prepare an income statement, statement of changes in stockholders' equilty, balance sheet, and statement of cash flows for Astro Corporation's Year 1 fiscal yeat. Complete this question by entering your answers in the tabs below. Income Statement Strnt of Changes Balance Sheet Sum of Cash Flows Prepare the income statement. ASTRO CORPORATION Income Statement For the Year Ended December 31. Year 1 $ 0 Stmt of Changes > Step by Step Solution
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