Astro Corporation was started with the issue of 2,000 shares of $5 par stock for cash on January 1, Year 1 The stock was issued at a market price of $12 per share During Year 1, the company earned $31,000 in cash revenues and paid $17,100 for cash expenses Also, a $2,000 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 Complete this question by entering your answers in the tabs below Income Statement Stmt of Changes Balance Sheet Stmt of Cash Flows Prepare the income statement ASTRO CORPORATION Income Statement For the Year Ended December 31, Year 1 Complete this question by entering your answers in the tabs below Income Statement Stmt of Changes Balance Sheet Stmt of Cash Flows Prepare a statement of changes in stockholders' equity ASTRO CORPORATION Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity Complete this question by entering your answers in the tabs below Income Statement Stmt of Changes Stmt of Cash Balance Sheet Flows Prepare a balance sheet Assets ASTRO CORPORATION Balance Sheet As of December 31, Year 1 Total assets Liabilities Stockholders' equity Total Paid In Capital Total liabilities and stockholders' equity Complete this question by entering your answers in the tabs below Income Statement Stmt of Changes Balance Sheet Stmt of Cash Flows Prepare a statement of cash flows (Cash outflows should be indicated with a minus sign ) ASTRO CORPORATION Statement of Cash Flows 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

Question

Astro Corporation was started with the issue of 2,000 shares of $5 par stock for cash on January 1, Year 1  The stock was issued at a market price of $12 per share  During Year 1, the company earned $31,000 in cash revenues and paid $17,100 for cash expenses  Also, a $2,000 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  Complete this question by entering your answers in the tabs below  Income Statement Stmt of Changes Balance Sheet Stmt of Cash Flows Prepare the income statement  ASTRO CORPORATION Income Statement For the Year Ended December 31, Year 1 Complete this question by entering your answers in the tabs below  Income Statement Stmt of Changes Balance Sheet Stmt of Cash Flows Prepare a statement of changes in stockholders' equity  ASTRO CORPORATION Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity Complete this question by entering your answers in the tabs below  Income Statement Stmt of Changes Stmt of Cash Balance Sheet Flows Prepare a balance sheet  Assets ASTRO CORPORATION Balance Sheet As of December 31, Year 1 Total assets Liabilities Stockholders' equity Total Paid In Capital Total liabilities and stockholders' equity Complete this question by entering your answers in the tabs below  Income Statement Stmt of Changes Balance Sheet Stmt of Cash Flows Prepare a statement of cash flows  (Cash outflows should be indicated with a minus sign ) ASTRO CORPORATION Statement of Cash Flows 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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To complete the required financial statements for Astro Corporation for the fiscal year ended December 31 Year 1 follow the instructions step by step ...

Question: Astro Corporation was started with the issue of 2,000 shares of $5 par stock for cash on January 1, Year 1. The stock was

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