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Exercise 8-4 Effect of accounting events on the financial statements of a corporation Astro Corporation was started with the issue of 2,000 shares of $5

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Exercise 8-4 Effect of accounting events on the financial statements of a corporation 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 paid $17,100 for cash expenses. Also, a $2,000 cash dividend was paid to the stockholders. Required Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and state- ment of cash flows for Astro Corporation's 2018 fiscal year

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