Cascade Company was started on January 1, Year 1, when it acquired $156,000 cash from the owners. During Year 2, the company earned cash revenues of $81,500 and incurred cash expenses of $62,200. The company also paid cash distributions of $13,500. Required Prepare a Year 1 income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows under each of the following assumptions. (Consider each assumption separately.)

CASCADE COMPANY
Income Statement
For the Year Ended December 31, Year 1

CASCADE COMPANY
Income Statement
For the Year Ended December 31, Year 1

CASCADE COMPANY
Balance Sheet
As of December 31, Year 1
Assets
Total Assets
Liabilities
Equity
Total liabilities and equity

CASCADE COMPANY
Statement of Cash Flows
For the Year Ended December 31, Year 1
Cash flows from operating activities:
Net cash flow from operating activities
Cash flows from investing activities
Cash flows from financing activities:
Net cash flow from financing activities
Net change in cash
Ending cash balance