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 $60,000 cash from the owners. During 2018, the company earned cash revenues of $35,000 and incurred cash expenses of $18,100. The company also paid cash distributions of $4,000. 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.) Problem 8-20 Part c c. Cascade is a corporation. It issued 5,000 shares of $5 par common stock for $60,000 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 statement of changes in stockholders' equity for 2018. (Negative amount should be indicated by a minus sign.) CASCADE COMPANY statement of Chanaae in Stockholdere Famits 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 Total stockholders' equity $ 0