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Exercise $8-4$A $($Algo$)$ Effect of accounting events on the financial statements of a corporation LO $8-1,8-4$

Astro Corporation was started with the issue of $5,000$ shares of $$11$ par stock for cash on January $1,$ Year $1.$ The stock was issued at a market price of $$18$ per share. During Year $1,$ the company earned $$70,250$ in cash revenues and paid $$47,068$ for cash expenses. Also, a $$4,500$ cash dividend was paid to the stockholders.

Required

Prepare an income statement, statement of chang$$s 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.

$\backslash$table$[[\backslash$table$[[$Income$],[$Statement$]],\backslash$table$[[$Stmt of$],[$Changes$]],\backslash$table$[[$Balance Sheet Statement of$],[$Cash Flows$]]],[\backslash$table$[[$Prepare a st$],[$Note: Cash$]],\backslash$table$[[$nt of$],[$is sho$]],\backslash$table$[[$flows$.],[$Je indicated with a minus$]]]]$

$\backslash$table$[[$ASTRO CORPORATION,$],[$For the Year Ended December $31,$ Year $1,,],[$Cash flows from operating activities:,,$],[,,],[,,],[$Net cash flow from operating activities,,$],[$Cash flows from investing activities:,,$],[,,],[,,],[$Net cash flow from investing activities,,$],[$Cash flows from financing activities:,,$],[,,],[,,],[$Net cash flow from financing activities,,$],[$Net change in cash,,$],[,,],[$Ending cash balance,,$]]$

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$4$ of $17$

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