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Astro Corporation was started with the issue of 5,500 shares of $9 par stock for...

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Accounting

Astro Corporation was started with the issue of 5,500 shares of $9 par stock for cash on January 1, 2018. The stock was issued at a market price of $16 per share. During 2018, the company earned $64,100 in cash revenues and paid $42,947 for cash expenses. Also, a $3,900 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 Corporations 2018 fiscal year.

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