1. Received $13,500 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 $32,700 of the accounts receivable. 5. Recorded $5,800 of accrued salaries at the end of the year. 6. Paid a $1,350 cash dividend to the stockholders. b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for the Year 1 accounting period. Complete this question by entering your answers in the tabs below. Req B1 Req 82 Req B3 Req B4 Prepare the income statement for the Year 1 accounting period. Expenses MILEA INC. Income Statement For the Year Ended December 31, Year 11 Total expenses 48 14 Alnut