[The following information applies to the questions displayed below] Cascade Company was started on January 1. Year 1, when it acquired $152.000 cash from the owners. During Year 1. the company earned cash revenues of $96,700 and incurred cash expenses of $68,200. The company also paid cash distributions of $13,500. Required Prepare a Year Tincome 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 12,000 shares of $10 par common stock for $152,000 cash to start the business Complete this question by entering your answers in the tabs below. Stmt of Changes Inc Stmt Bal Sheet Cash Flows Prepare a income statement for Year 1. Prev of 5 Next >