Cascade Company was started on January 1, Year 1, when it acquired $164,000 cash from...
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Cascade Company was started on January 1, Year 1, when it acquired $164,000 cash from the owners. During Year 1, the company earned cash revenues of $84,100 and incurred cash expenses of $60,500. The company also paid cash distributions of $14,500. 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. (Consider each assumption separately.) Problem 8-20A (Algo) Part c c. Cascade is a corporation. It issued 10,000 shares of $8 par common stock for $164,000 cash to start the business. Complete this question by entering your answers in the tabs below. Inc Stmt Stmt of Changes Bal Sheet Cash Flows Prepare a statement of changes In stockholders' equity for Year 1. (Deductions should be indicated by a minus sign.) CASCADE COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Total stockholders' equity S 0 Inc Stmt Bal Sheet >
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