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Required information [The following information applies to the questions displayed below] Cascade Company was started on January 1, Year 1, when it acquired $169,000 cash from the owners. During Year 1, the company earned cash revenues of $97.900 and incurred cash expenses of $65.500. The company also pald cash distributions of $7,500. Required Prepare a Year 1 income statement, capital statement (statement of changes in equity), baiance sheet, and statement of cash flows under each of the following assumptions. (Consider each assumption separately.) Cascade is a corporation. It issued 10.000 shares of $12 par common stock for $169.000 cash to start the business. Complete this question by entering your answers in the tabs below. Prepare a balance sheet for Vear 1