Required informotion Problem 8-20A (Algo) 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. Year 1, when it acquired $163.000 cash from the owners. During Year 1, the company earned cash revenues of $99,100 and incurred cash expenses of $60,100. The company also paid cash distributions of $11,000 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.) Problem 8-20A (Algo) Part c Cascade is a corporation. It issued 9,000 shares of $8 par common stock for $163,000 cash to start the business. c. Cascade is a coiporation. It issued 9,000 shares of $8 par common stock for $163,000 cash to start the business. Complete this question by entering your answers in the tabs below. Presare a income statement for Yoar 1. E. Cascade is a corporation. It issued 9.000 shares of $8 par common stock for $163,000 cash to start the business. Complete this question by entering your answers in the tabs below. Prepare a statement of changes in stockholders' equity for Year 1. (Deductions should be indicated by a minus skgn.) Prepare a balance sheet for Year 1 . Prepare a statement of cash flows for Year 1. (Cash outflows should be indicated with a minus sigh.)