Required information [The following information applies to the questions displayed below.] Cascade Company was started on January 1, 2018, when it acquired $159,000 cash from the owners. During 2018, the company earned cash revenues of $99,300 and incurred cash expenses of $65,600. The company also paid cash distributions of $11,500. 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.) Cascade is a corporation. It issued 10,000 shares of $8 par common stock for $159,000 cash to start the business. CASCADE COMPANY Income Statement For the Year Ended December 31, 2018 $ 0 CASCADE COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 0 0 Total stockholders' equity $ 0 Balance Sheet As of December 31, 2018 Assets Total Assets 0 Liabilities Stockholders' equity Total paid-in capital $ 0 Total liabilities and Stockholders' equity $ 0 Statement of Cash Flows For the Year Ended December 31, 2018 Cash flow from operating activities: $ 0 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities: 0 Net cash flow from financing activities Net change in cash 0 Ending cash balance $ 0