P 4 Required Information (The following information applies to the questions displayed below) Cascade Company was started on January 1, Year 1, when it acquired $163,000 cash from the owners. During Year 1, the company eamed cash revenues of $84,300 and incurred cash expenses of $68,600. The company also paid cash detributions of $6,000 Required Prepare a Year 1 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) Cascade is a sole proprietorship owned by Cart Cascade Complete this question by entering your answers in the tabs below. Inc St Changes Prepare an income statement for ver 1. CASCADE COMPANY St For the Year Ended December 31, Year 1 Cash Flows 04,300 6,600 15.700 Set of Changes 4 Required information el (The following information applies to the questions displayed below) Cascade Company was started on January 1, Year 1, when it acquired $163,000 cash from the owners During Year, the company earned cash revenues of $84.300 and incuned cash expenses of $68,600. The company also paid cash distributions of $6.000 Required Prepare a Year 1 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) Cascade is a sole proprietorship owned by Carl Cascade Complete this question by entering your answers in the tabe below. Change Ca Prepare a capital statement (statement of changes in equity) for year 1. (Deductions should be indicated by mu wyn) CASCADE COMPANY Capital Statemen For the Year Ended December 31, Year 1 The Cape Bal Shawl Nen P C Part 3 10 port Mc Prepare a Year 1 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) a. Cascade is a sole proprietorship owned by Carl Cascade. Complete this question by entering your answers in the tabs below. Cash Flows Inc Ste of Chang Prepare a balance sheet for Year 1. CASCADE COMPANY Balance Sheet As of December 31, Year 11 Asses Total Ass Labe Eaty Talates and eputy Samt of Changes Cash Flows > > Part 1 of 3 50 poin a. Cascade is a sole proprietorship owned by Carl Cascade. Complete this question by entering your answers in the tabs below. References Inc Stmt Chang Ber Sheet Cash Flow Prepare a statement of cash flows for Year 1. (Cash outflows should be indicated with a minus sign) CASCADE COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities Mc Graw Net cash flow from operating activit Cash flows on investing activities Cash flows from financing activites Net cash flow from financing activities Net charge in cash Ending cash balance- Bal Sheet $ 0 0