Bozeman Corporation was started with the issue of 10,000 shares of $10 par common stock for cash

Question:

Bozeman was started with the issue of 10,000 shares of $10 par 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 was paid to the stockholders.

Required
Prepare an income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows for Bozeman Corporation’s 2013 fiscal year.

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