Question: please help me with this questions. its one question with many parts. make sure to answer all for a up vote and i have 1

please help me with this questions. its one question with many parts. make sure to answer all for a up vote and i have 1 hr so plz make sure to answer all because i cant post them again. i will leave a up vote if you answer all. thanks!
please help me with this questions. its one question with many parts.
make sure to answer all for a up vote and i have
1 hr so plz make sure to answer all because i cant
post them again. i will leave a up vote if you answer

Astro Corporation was started with the issue of 5,400 shares of $11 par stock for cash on January 1, Year 1 . The stock was issued at a market price of $18 per share. During Year 1, the company earned $69,800 in cash revenues and paid $46,766 for cash expenses Also, a $3,500 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. Prepare the income statement. Prepare a statement of changes in stockholders' equity. Prepare a balance sheet. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ ASTRO CORPORATION } \\ \multicolumn{1}{|c|}{ Statement of Cash Flows } \\ \hline \multicolumn{1}{|c|}{ For the Year Ended December 31, Year 1} \\ \hline Cash flows from operating activities: & & \\ \hline & & \\ \hline Net cash flow from operating activities & & \\ \hline Cash flows from investing activities: & & \\ \hline & & \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!