Complete this question by entering your answers in the tabs below. Prepare a balance sheet for Year 1. Prepare a statement of cash flows for Year 1 . (Cash outflows should be indicated with a minus sign.) Required Prepare a Year 1 income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows under each of the following assumptions. (Consider each assumption separately.) Cascade is a corporation. It issued 9,000 shares of $9 par common stock for $155,000 cash to start the business. Complete this question by entering your answers in the tabs below. Prepare a statement of changes in stockholders' equity for Year 1. (Deductions should be indicated by a minus sign.) Required information [The following information applies to the questions displayed below.] Cascade Company was started on January 1, Year 1, when it acquired $155,000 cash from the owners. During Year 1, the distributions of $13,500. Required Prepare a Year 1 income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows under each of the following assumptions. (Consider each assumption separately.) c. Cascade is a corporation. It issued 9,000 shares of $9 par common stock for $155,000 cash to start the business. Complete this question by entering your answers in the tabs below. Prepare a income statement for Year 1