b-2. Prepare the statement of changes in stockholders' equity. MILEA INCORPORATED Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity $ 0 0 D Required Information [The following information applies to the questions displayed below] Miles Incorporated experienced the following events in Year 1. Its first year of operations: 1. Received $16,000 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,350. 4 Collected $30,160 of the accounts receivable. 5. Recorded $9,650 of accrued salaries at the end of the year. 6. Paid a $1,000 cash dividend to the stockholders