Adams Company began operations on January 1, Year 1, by issuingcommon stock for $34,000 cash. During Year 1, Adams received$58,800 cash from revenue and incurred costs that required $48,800of cash Adams Company began operations on January 1 , Year 1 , by issuing common stock for \( \$ 34,000 \) cash. During Year 1 , Adams received \( \$ 58,800 \) cash from revenue and incurred costs that requir 2 answers