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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 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 statement of cash flows for Astro Corporation's 2018 fiscal year. Complete this question by entering your answers in the tabs below. Smt chgs in Income Statement Shids Egy Balance Sheet Smt of Cash Fls Prepare a statement of changes in stockholders. ASTRO CORPORATION Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 Beginning common stock Plus: Issuance of common stock 24,000 Ending common stock $ 24,000 Beginning retained earnings $ 0 Plus: Net income 14,000 X Less: Dividend (2,000) Ending retained earnings 12,000 Total stockholders' equity $ 36,000