Bozeman Corporation was started with the issue of 4,900 shares of $12 par common stock for cash on January 1, 2014. The stock was issued at a market price of $16 per share. During 2014, the company earned $61,550 in cash revenues and paid $41,239 for cash expenses. Also a $3,800 cash dividend was paid to the stockholders.
Required
Prepare an income statement for Bozeman Corporation’s 2014 fiscal year.
Prepare a statement of changes in stockholders’ equity for Bozeman Corporation’s 2014 fiscal year.
Prepare a balance sheet for Bozeman Corporation’s 2014 fiscal year.
Prepare a statement of cash flows for Bozeman Corporation’s 2014 fiscal year. (Amounts to be deducted should be indicated with a minus sign.)