Required information {The following information applies to the questions displayed below.) Cascade Company was started on January 1, 2018, when it acquired $169,000 cash from the owners. During 2018, the company earned cash revenues of $97,400 and incurred cash expenses of $62,700. The company also paid cash distributions of $7,000 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.) c. Cascade is a corporation. It issued 11,000 shares of $12 par common stock for $169,000 cash to start the business. Inc Stmt Stc Equi Bal Sheet Cash Flows Prepare a income statement for 2018. CASCADE COMPANY Income Statement For the Year Ended December 31, 2018 (Revenues Expenses Net income $ 0 Cash Flows Bal Sheet Inc Stmt Stc Equi Prepare a statement of changes in stockholders' equity for 2018. (N CASCADE COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 (Beginning common stock Plus: Issuance of common stock (Ending common stock (Beginning retained earnings [Plus. Net income Less. Dividends (Ending retained earnings Total stockholders' equity 0 CASCADE COMPANY Balance Sheet As of December 31, 2018 Assets Cash 0 0 Total Assets Liabilities Stockholders' equity Common stock Paid-in capital in excess of par 0 $ 0 Total paid-in capital Retained earnings 0 $ 0 Total liabilities and Stockholders' equity CASCADE COMPANY Statement of Cash Flows For the Year Ended December 31, 2018 Cash flow from operating activities: Paid for expenses Receipts from revenues 0 $ 0 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities: Paid for dividends Proceeds from issue of stock 0 Net cash flow from financing activities Net change in cash Plus: Beginning cash balance Ending cash balance $