Cascade Company was started on January 1, 2018, when it acquired $164,000 cash from the owners. During 2018, the company earned cash revenues of $96,800 and incurred cash expenses of $61,200. The company also paid cash distributions of $11,500. CASCADE COMPANY Income Statement For the Year Ended December 31, 2018 Revenues $ 96,800 Expenses (61,200) 35,600 Net income $ CASCADE COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 Beginning common stock 0 Capital acquired from owner Plus: Net income Less: Dividends 0 Total stockholders' equity $ 0 CASCADE COMPANY Balance Sheet As of December 31, 2018 Assets Cash Total Assets 0 Liabilities Stockholders' equity Carl Cascade, capital Total paid-in capital $ 0 Total liabilities and Stockholders' equity $ 0 CASCADE COMPANY Statement of Cash Flows For the Year Ended December 31, 2018 Cash flow from operating activities: Receipts from revenues $ 0 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities: Paid for dividends Proceeds from issue of stock 0 Net cash flow from financing activities Net change in cash 0 Ending cash balance $ 0