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 earned cash revenues of $92,800 and incurred cash expenses of $63,600. The company also paid cash distributions of $8,000. Required Prepare a Year 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.) c. Cascade is a corporation. It issued 9,000 shares of $9 par common stock for $163,000 cash to start the business c. Cascade is a corporation. It issued 9,000 shares of $9 par common stock for $163,000 cash to start the business. Complete this question by entering your answers in the tabs below. Inc Stmt Stmt of Bal Sheet Cash Flows Changes Prepare a statement of Stmt of Changes cholders' equity for Year 1. (Deductions should be indicated by a minus sign.) CASCADE COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 0 S 0 Total stockholders' equity Prepare a balance sheet for Year 1. CASCADE COMPANY Balance Sheet As of December 31, Year 1 Assets 0 Total Assets Liabilities Stockholders' equity S 0 Total paid-in capital IS 0 Total liabilities and Stockholders' equity