0 Required information (The following information applies to the questions displayed below] Milea Inc. experienced the following events in Year 1, its first year of operations: 1. Received $14,000 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,400. 4. Collected $30,340 of the accounts receivable. 5. Recorded $9,900 of accrued salaries at the end of the year. 6. Paid a $1,100 cash dividend to the stockholders. b-1. Prepare the income statement. View previous attempt