Saved Help Save & Exit Check my Required information [The following information applies to the questions displayed below) Cascade Company was started on January 1, Year 1, when it acquired $152,000 cash from the owners. During Year 1, the company earned cash revenues of $96700 and incurred cash expenses of $68,200. The company also paid cash 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 (Conside each assumption separately) c. Cascade is a corporation. It issued 12,000 shares of $10 par common stock for $152.000 cash to start the business. Complete this question by entering your answers in the tabs below. Saved Help Save & Exit Check my Required information [The following information applies to the questions displayed below) Cascade Company was started on January 1, Year 1, when it acquired $152,000 cash from the owners. During Year 1, the company earned cash revenues of $96700 and incurred cash expenses of $68,200. The company also paid cash 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 (Conside each assumption separately) c. Cascade is a corporation. It issued 12,000 shares of $10 par common stock for $152.000 cash to start the business. Complete this question by entering your answers in the tabs below