Answer:
Cascade Company
<u>Income statement for the year ended year 1</u>
Sales Revenue                   $90,600
Less Expenses                   $62,000
Net Income                         $28,600
Cascade Company
<u>Statement of changes in equity for the year ended year 1</u>
                                                 Capital       Retained Income          Total
Beginning of the Year :
Opening Balance                  $151,000                 $ 0                 $151,000
During the Year :
Profit for the year                        -                    $28,600             $28,600
Dividends paid                            -                    ($13,000)           ($13,000)
Total                                       $151,000             $15,600           $166,600
Cascade Company
<u>Balance Sheet as at year 1</u>
ASSETS
Cash ($151,000 + $90,600 - $62,000 - $13,000)                  $166,600
Total Assets                                                                               $166,600
EQUITY AND LIABILITIES
Equity                                                                                        $166,600
Total Equity and Liabilities                                                      $166,600
Cascade Company
<u>Statement of Cashflow for the year ended year 1</u>
<em>Cash flow from Operating Activities</em> 
Cash receipts from customers                                               $90,600
Cash payments to suppliers and employees                      ($62,000)
Net Cash from Operating Activities                                       $28,600
<em>Cash flow from Investing Activities</em>
No Investment activities
Net Cash from Investing Activities                                                 $0
<em>Cash flow from financing Activities</em>
Capital Invested                                                                    $151,000
Dividends Distributions                                                        ($13,000)
Net Cash from Investing Activities                                     $138,000
Movement during the year                                                $166,600
Beginning Cash and Cash Equivalents                                      $0
Ending Cash and Cash Equivalents                                 $166,600
Explanation:
The income statement, statement of changes in equity, balance sheet, and statement of cash flows for Cascade Company have been prepared above.
Note : Make sure to take note of the format and appropriate heading of each statement.