of 3 Required information Problem 8-20 Effect of business structure on financial statements LO 8-1 [The following information applies to the questions displayed below.) Cascade Company was started on January 1, 2018, when it acquired $153,000 cash from the owners. During 2018, the company earned cash revenues of $99,900 and incurred cash expenses of $61.800. The company also paid cash distributions of $7,500 Required Prepare a 2018 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.) OK ht nces Problem 8-20 Part c. Cascade is a corporation. It issued 9.000 shares of $10 par common stock for $153,000 cash to start the business Complete this question by entering your answers in the tabs below. Inc Stmt Stc Equi Bal Sheet Cash Flows Prepare a income statement for 2018. Prepare a 2018 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.) 3 Problem 8-20 Part c c. Cascade is a corporation. It issued 9.000 shares of $10 par common stock for $153,000 cash to start the business, Complete this question by entering your answers in the tabs below. Inc Stmt Stc Equi Bal Sheet Cash Flows Prepare a income statement for 2018. CASCADE COMPANY Income Statement For the Year Ended December 31, 2018 Revenues Expenses $ 99,900 (61.800) 38,100 Ines Stc Equi > Required information Complete this question by entering your answers in the tabs below. Inc Stmt Stc Equi Bal Sheet Cash Flows Prepare a statement of changes in stockholders' equity for 2018. (Negative amount should be indicated by a minus sign.) CASCADE COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 es 0 0 Total stockholders' equity 0 Required information Complete this question by entering your answers in the tabs below. Inc Stmt Stc Equi Bal Sheet Cash Flows Prepare a balance sheet for 2018. CASCADE COMPANY Balance Sheet As of December 31, 2018 Assets Cash s Total Assets 0 Liabilities Stockholders' equity Total paid-in capital $ 0 Total liabilities and Stockholders' equity $ 0