Check my work 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 5,900 shares of $11 par stock for cash on January 1, Year 1 The stock was issued at a market price of $15 per share. During Year 1, the company earned $59,200 in cash revenues and paid $39,664 for cash expenses. Also, a $3,700 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. Complete this question by entering your answers in the tabs below. Income Statemen Stmt of Changes Balance Sheet Stmt of Cash Flows Prepare the income statement. ASTRO CORPORATION Prev 11 of 20 Next >