Bozeman Corporation was started with the issue of 10,000 shares of $10 par common stock for cash on January 1, 2013. The stock was issued at a market price of $16 per share. During 2013, the company earned $71,000 in cash revenues and paid $46,500 for cash expenses. Also a $5,000 cash dividend was paid to the stockholders.
Prepare an income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows for Bozeman Corporation’s 2013 fiscal year.