Cascade Company was started on January 1, Year 1, when it acquired $160,000 cash from the owners. During Year 1, the company earned cash revenues of $81,800 and incurred cash expenses of $68,900. The company also paid cash distributions of $13,000. 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.) Problem 8-20A (Algo) Part c c. Cascade is a corporation. It issued 10,000 shares of $10 par common stock for $160,000 cash to start the business. c. Cascade is a corporation. It issued 10,000 shares of $10 par common stock for $160,000 cash to start the business. Complete this question by entering your answers in the tabs below. Prepare a income statement for Year 1. Prepare a statement of changes in stockholders' equity for Year 1. (Deductions should be indicated by a minus sig Prepare a balance sheet for Year 1. Prepare a statement of cash flows for Year 1. (Cash outflows should be indicated with a minus sign.)