Astro Corporation was started with the issue of 5,500 shares of $9 par stock for cash...

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Astro Corporation was started with the issue of 5,500 shares of $9 par stock for cash on January 1, Year 1. The stock was issued at a market price of $16 per share. During Year 1, the company earned $58,050 in cash revenues and paid $38,894 for cash expenses. Also, a $4,800 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 Stmt of Cash Flows Balance Sheet Prepare the income statement. ASTRO CORPORATION Income Statement For the Year Ended December 31, Year 1 Stmt of Changes> Inceme Statement 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 Income Statement Balance Sheet > Prepare a balance sheet. ASTRO CORPORATION Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Stockholders' equity Total Paid-In Capital Total liabilities and stockholders' equity Stmt of Changes 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 Stmt of Cash Flows Balance Sheet < Prev 5 of 6 Next > Astro Corporation was started with the issue of 5,500 shares of $9 par stock for cash on January 1, Year 1. The stock was issued at a market price of $16 per share. During Year 1, the company earned $58,050 in cash revenues and paid $38,894 for cash expenses. Also, a $4,800 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 Stmt of Cash Flows Balance Sheet Prepare the income statement. ASTRO CORPORATION Income Statement For the Year Ended December 31, Year 1 Stmt of Changes> Inceme Statement 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 Income Statement Balance Sheet > Prepare a balance sheet. ASTRO CORPORATION Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Stockholders' equity Total Paid-In Capital Total liabilities and stockholders' equity Stmt of Changes 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 Stmt of Cash Flows Balance Sheet < Prev 5 of 6 Next > Astro Corporation was started with the issue of 5,500 shares of $9 par stock for cash on January 1, Year 1. The stock was issued at a market price of $16 per share. During Year 1, the company earned $58,050 in cash revenues and paid $38,894 for cash expenses. Also, a $4,800 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 Stmt of Cash Flows Balance Sheet Prepare the income statement. ASTRO CORPORATION Income Statement For the Year Ended December 31, Year 1 Stmt of Changes> Inceme Statement 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 Income Statement Balance Sheet > Prepare a balance sheet. ASTRO CORPORATION Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Stockholders' equity Total Paid-In Capital Total liabilities and stockholders' equity Stmt of Changes 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 Stmt of Cash Flows Balance Sheet < Prev 5 of 6 Next > Astro Corporation was started with the issue of 5,500 shares of $9 par stock for cash on January 1, Year 1. The stock was issued at a market price of $16 per share. During Year 1, the company earned $58,050 in cash revenues and paid $38,894 for cash expenses. Also, a $4,800 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 Stmt of Cash Flows Balance Sheet Prepare the income statement. ASTRO CORPORATION Income Statement For the Year Ended December 31, Year 1 Stmt of Changes> Inceme Statement 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 Income Statement Balance Sheet > Prepare a balance sheet. ASTRO CORPORATION Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Stockholders' equity Total Paid-In Capital Total liabilities and stockholders' equity Stmt of Changes 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 Stmt of Cash Flows Balance Sheet < Prev 5 of 6 Next > Astro Corporation was started with the issue of 5,500 shares of $9 par stock for cash on January 1, Year 1. The stock was issued at a market price of $16 per share. During Year 1, the company earned $58,050 in cash revenues and paid $38,894 for cash expenses. Also, a $4,800 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 Stmt of Cash Flows Balance Sheet Prepare the income statement. ASTRO CORPORATION Income Statement For the Year Ended December 31, Year 1 Stmt of Changes> Inceme Statement 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 Income Statement Balance Sheet > Prepare a balance sheet. ASTRO CORPORATION Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Stockholders' equity Total Paid-In Capital Total liabilities and stockholders' equity Stmt of Changes 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 Stmt of Cash Flows Balance Sheet < Prev 5 of 6 Next > Astro Corporation was started with the issue of 5,500 shares of $9 par stock for cash on January 1, Year 1. The stock was issued at a market price of $16 per share. During Year 1, the company earned $58,050 in cash revenues and paid $38,894 for cash expenses. Also, a $4,800 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 Stmt of Cash Flows Balance Sheet Prepare the income statement. ASTRO CORPORATION Income Statement For the Year Ended December 31, Year 1 Stmt of Changes> Inceme Statement 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 Income Statement Balance Sheet > Prepare a balance sheet. ASTRO CORPORATION Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Stockholders' equity Total Paid-In Capital Total liabilities and stockholders' equity Stmt of Changes 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 Stmt of Cash Flows Balance Sheet < Prev 5 of 6 Next > Astro Corporation was started with the issue of 5,500 shares of $9 par stock for cash on January 1, Year 1. The stock was issued at a market price of $16 per share. During Year 1, the company earned $58,050 in cash revenues and paid $38,894 for cash expenses. Also, a $4,800 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 Stmt of Cash Flows Balance Sheet Prepare the income statement. ASTRO CORPORATION Income Statement For the Year Ended December 31, Year 1 Stmt of Changes> Inceme Statement 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 Income Statement Balance Sheet > Prepare a balance sheet. ASTRO CORPORATION Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Stockholders' equity Total Paid-In Capital Total liabilities and stockholders' equity Stmt of Changes 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 Stmt of Cash Flows Balance Sheet < Prev 5 of 6 Next > Astro Corporation was started with the issue of 5,500 shares of $9 par stock for cash on January 1, Year 1. The stock was issued at a market price of $16 per share. During Year 1, the company earned $58,050 in cash revenues and paid $38,894 for cash expenses. Also, a $4,800 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 Stmt of Cash Flows Balance Sheet Prepare the income statement. ASTRO CORPORATION Income Statement For the Year Ended December 31, Year 1 Stmt of Changes> Inceme Statement 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 Income Statement Balance Sheet > Prepare a balance sheet. ASTRO CORPORATION Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Stockholders' equity Total Paid-In Capital Total liabilities and stockholders' equity Stmt of Changes 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 Stmt of Cash Flows Balance Sheet < Prev 5 of 6 Next >

Answer rating: 100% (QA)

ASTRO COMPANY Income Statement as at Dec 31 year 1 Revenues 58050 Expenses 38894 Net Income 19156 St... View the full answer