Cascade Company was started on January 1, Year 1, when it acquired $154,000 cash from the owners. During Year 1, the company earned cash revenues of $82,600 and incurred cash expenses of $62,200. The company also paid cash distributions of $10,000. 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.)