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Astro Corporation was started with the issue of 2,000 shares of $5 par stock for...

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Accounting

Astro Corporation was started with the issue of 2,000 shares of $5 par stock for cash on January 1, Year 1. The stock was issued at a market price of $12 per share. During Year 1, the company earned $31,000 in cash revenues and paid $17,100 for cash expenses. Also, a $2,000 cash dividend was paid to the stockholders.
Required
Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Astro Corporation's Year 1 fiscal year.
Complete this question by entering your answers in the tabs below.
Income Statement
Stmt of Changes
Balance Sheet
Statement of Cash Flows
Prepare the income statement.
\table[[ASTRO CORPORATION],[Income Statement],[For the Year Ended December 31, Year 1,],[,],[,],[,$
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