[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 eamed cash revenues of $99,500 and incurred cash expenses of $66,000. The company also paid cash distributions of $10,000. 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.) Cascade is a corporation. It issued 10,000 shares of $9 par common stock for $152,000 cash to start the business. Prepare a income statement for Year 1. Prepare a statement of changes in stockholders' equlty for Year 1 . (Deductions should be indicated by a minus sign.) Prepare a balance sheet for Year 1. Prepare a statement of cash flows for Year 1 . (Cash outflows should be indicated with a minus sign.)