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 $16,500 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,000. 4. Collected $37,060 of the accounts receivable. 5. Recorded $9,150 of accrued salaries at the end of the year. 6. Paid a $1,450 cash dividend to the stockholders. b-1. Prepare the income statement. MILEA, INC Income Statement For the Year Ended December 31, Year1 Expenses