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Exercise 8-4 Effect of accounting events on the financial statements of a corporation LO 8-1 Astro Corporation was started with the Issue of 2,000 shares
Exercise 8-4 Effect of accounting events on the financial statements of a corporation LO 8-1 Astro Corporation was started with the Issue of 2,000 shares of $5 par stock for cash on January 1, 2018. The stock was Issued at a market price of $12 per share. During 2018, the company earned $31,000 in cash revenues and pald $17100 for cash expenses. Also, a $2,000 cash dividend was pald to the stockholders. Requirec Prepare an Income statement, statement of changes In stockholders' equity, balance sheet, and statement of cash flows for Astro Corporation's 2018 fiscal year Complete this question by entering your answers in the tabs below Income Statement Smt chgs in Shlds Eqy Balance Sheet Smt of Cash Fls Prepare a statement of cash flows. (Negative amounts should be indicated by a minus sign.) ASTRO CORPORATION Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities Receipts from revenues Paid for expenses Net cash flow from operating activities Cash flows from investing activities Proceeds from issue of stock Paid for dividends Net cash flow from investing activities Cash flows from financing activities Net cash flow from financing activities Net change in cash Ending cash balance
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