chapter 8 #2 need help with these parts thank you!!

2 Exercise 8-4A (Algo) Effect of accounting events on the financial statements of a corporation LO 8-1, 8-4 25 points 8040421 Astro Corporation was started with the issue of 5,600 shares of $10 par stock for cash on January 1, Year 1. The stock was issued at a market price of $19 per share. During Year 1, the company earned $56,100 in cash revenues and paid $37,587 for cash expenses. Also a $4,400 cash dividend was paid to the stockholders Required Prepare an income statement , statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Astro Corporation's Year 1 fiscal year. Book Complete this question by entering your answers in the tabs below. References Income Stmt of Balance Sheet Stmt of Cash Statement Changes Flows Prepare a statement of changes in stockholgers' equity ASTRO CORPORATION Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Plus: Issuance of common stock Ending common stock $ 0 Beginning retained comings Plus: Net income Less: Dividend (4.400) Ending retained earnings (4.400) Total stockholders' equity $ (4400) -S Income Statement Stmt of Changes Balance Sheet Stmt of Cash Flows Prepare a balance sheet. ASTRO CORPORATION Balance Sheet As of December 31, Year 1 Assets Cash Total assets $ 0 Liabilities Stockholders' equity Common stock Paid-in capital in excess of par Total Paid-In Capital Retained earnings Total liabilities and stockholders' equity 0