Required information The following information applies to the questions displayed below.) Cascade Company was started on January 1 Year 1, when it acquired $164,000 cash from the owners. During Year, the company earned cash revenues of $99,000 and incurred cash expenses of $61,900. The company also paid cash distributions of $12,000. 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) c. Cascade is a corporation. It issued 9.000 shares of $12 par common stock for $164,000 cash to start the business Complete this question by entering your answers in the tabs below. Inc Semt Sum of Changes Bal Sheet Cash Flows Prepare a balance sheet for Year 1. CASCADE COMPANY Balance Sheet As of December 31, Year 1 Assets 0 Total Assets Liabilities Stockholders' equity Prey 1 of 1 Next > a here to search o Prime Prepare a balance sheet for Year 1. CASCADE COMPANY Balance Sheet As of December 31, Year 1 References Assets Total Assets Liabilities Stockholders' equity Total paid in capital 5 0 Totallabies and Stockholders' equity 5 0 (Sent of Changes Cash Flows > Gew Hill Prev 1 of 1 20 Nex Type here to search O BH E a -1