f3 k ces ! Required information Problem 11-22A (Algo) Effect of business structure on financial statements LO 11-1 [The following information applies to the questions displayed below] Cascade Company was started on January 1, Year 1, when it acquired $154,000 cash from the owners. During Year 2, the company earned cash revenues of $89,900 and incurred cash expenses of $69,800. The company also paid cash distributions of $6,000. 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.) Problem 11-22A (Algo) Part a Required a-1. Prepare a Year 1 income statement. a-2. Prepare a Year 1 capital statement (statement of changes in equity). a-3. Prepare a Year 1 balance sheet. a-4. Prepare a Year 1 statement of cash flows.

Required informotion Problem 11-22A (Algo) Effect of business structure on financial statements LO 11-1 (The following information applies to the questions displayed below] Cascade Company was started on danuary 1, Year 1, when it acquired $154,000 cash from the owners During Year 2 , the company eamed cash revenues of $89,900 and incurred cash expenses of $69,800. The company also paid cash distributions of $6,000 Required Prepare a Yeat 1 income statement, capital statement (statement of changes in equity), balance sheet, and staternent of cash flows under each of the following assumptions (Consider each assumption separately) Problem 11-22A (Algo) Part a Required a-1. Prepare a Year 1 income statement: 0-2. Prepare a Year 1 capital statement (statement of changes in equity). 0-3. Prepare a Year ibalance sheet. o-4. Prepare a Year 1 statement of cash flows