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 5,800 shares of $11 par stock for cash on January 1, Year 1. The stock was issued at a market price of $17 per share. During Year 1, the company earned $70,600 in cash revenues and paid $47,302 for cash expenses. Also, a $3,900 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 Balance Sheet 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: $ $ 0 Prev 11 of 20 Next> Che