Astro Corporation was started with the issue of 4,500 shares of $11 par stock for...
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Astro Corporation was started with the issue of 4,500 shares of $11 par stock for cash on January 1, 2018. The stock was issued at a market price of $16 per share. During 2018, the company earned $58,550 in cash revenues and paid $39,229 for cash expenses. Als a $3,100 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 2018 fiscal year. Complete this question by entering your answers in the tabs below. IncomeS StatementShlds Eqy Smt chgs in Balance SheetFls Smt of Cash Prepare the income statement. ASTRO CORPORATION Income Statement For the Year Ended December 31, 2018
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