[The following information applies to the questions displayed below.] Cascade Company was started on January 1, Year 1, when it acquired $153,000 cash from the owners. During Year 1 , the company earned cash revenues of $85,200 and incurred cash expenses of $68,100. The company also paid cash distributions of $10,500. 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.) E. Cascade is a corporation. It issued 10,000 shares of $10 par common stock for $153,000 cash to start the business. Note: For the Statement of Cash Flows only, indicate amounts to be deducted and cash outflows with a minus sign. CASCADE COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Total stockholders' equity CASCADE COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1