Prepare the income statement. ASTRO CORPORATION

Statement of Changes in Stockholders' Equity

For the Year Ended December $31,$ Year $1$

$\backslash$table$[[$Beginning common stock,,$],[$Ending common stock,s$,0],[$Beginning retained earnin,,$],[,,],[,,],[$Ending retained earnings,,$0],[$Total stockholders' equity,$$,0]]$ ASTRO CORPORATION

Balance Sheet

As of December $31,$ Year $1$

$\backslash$table$[[$Assets$,,],[,,],[$Total assets,,$],[$Liabilities$,,$$$],[$Stockholders$\text{'}$ equity,,$],[,,],[,,],[,,],[$Total Paid$-$In Capital,,$],[,,],[$Total liabilities and stockholders' equity,,$0]]\backslash$table$[[$ASTRO CORPORATION,$],[$Statement of Cash Flows,,$],[$Cash flows from operating activities:,,$],[,,],[$Net cash flow from operating activities,,$],[$Cash flows from investing activities:,,$$],[,,],[,,],[$Net cash flow from investing activities,,$],[$Cash flows from financing activities:,,$$],[,,],[,,],[$Net cash flow from financing activities,,$],[$Net change in cash,,$],[,,0],[$Ending cash balance,,$$]]$Astro Corporation was started with the issue of $4,700$ shares of $$9$ par stock for cash on January $1,$ Year $1.$ The stock was issued at a

market price of $$19$ per share. During Year $1,$ the company earned $$63,750$ in cash revenues and paid $$42,713$ for cash expenses. Also,

a $$3,300$ 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 Year $1$ fiscal year.