Chapter 2-Connect Saved 3 Part 2 of 2 Milea Inc. experienced the following events in Year 1, its first year of operations: 1. Received $12,500 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,450, 4. Collected $36,650 of the accounts receivable. 5. Recorded $6,750 of accrued salaries at the end of the year. 6. Paid a $1,400 cash dividend to the stockholders. 10 points b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for the Year 1 accounting period. H Pret Complete this question by entering your answers in the tabs below. Refer Req 1 Req 82 Req B3 Reg 84 Prepare the income statement for the Year 1 accounting period. Expenses MILEA INC. Income Statement i For the Year Ended December 31, Year 1 Help Save &