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Problem: Module 3 Textbook Problem 11 Learning Objectives: - 3.9 Identify the primary characteristics of sole proprietorships, partnerships, and corporations - 3-12 Show how issuing different classes of stock affects financial statements Astro Corporation was started with the issue of 5,600 shares of $10 par stock for cash on January 1, Year 1 . The stock was issued at a market price of $19 per share. During Year 1, the company earned $63,000 in cash revenues and paid $42,210 for cash expenses. Also, a $4,700 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. 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. Prepare the income statement. Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for As Corporation's Year 1 fiscal year. Complete this question by entering your answers in the tabs below. Prepare a statement of changes in stockholders' equity. Prepare a balance sheet. Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.)