Ch 8 Required information The following information applies to the questions displayed below.) Cascade Company was started on January 1, Year 1, when it acquired $164,000 cash from the owners. During Year 1, the company eamed cash revenues of $99.000 and incurred cash expenses of $61,900. The company also paid cash distributions of $12.000 ook 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.) c. Cascade is a corporation. It issued 9.000 shares of $12 par common stock for $164,000 cash to start the business rences Complete this question by entering your answers in the tabs below. Inc Stmt Stmt of Bal Sheet Cash Flows changes Prepare a statement of cash flows for Year 1. (Cash outflows should be indicated with a minus sign) CASCADE COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities $ 0 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities