completed so 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 $15,000 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 $31,740 of the accounts receivable. 5. Recorded $6,150 of accrued salaries at the end of the year. 6. Paid a $1,100 cash dividend to the stockholders. Required a. Record the events in general ledger accounts under an accounting equation. In the last colum account titles for the Retained Earnings amounts. The first transaction has been recorded as an effect on the "Accounts Titles for Retained Earnings". Enter any decreases to account balance Required information X Answer is not complete. Event Accounts Titles for Retained Earnings 1. MILEA, INC. General Ledger Accounts For the Year Ended December 31, Year 1 Assets Liabilities + Stockholders' Equity Cash Accounts Salaries Common Retained Receivable Payable Stock Earnings 15,000 15,000 45,000 X + (45,000) X 1,450 X (1,450) 31,740 X 6,150 (1.100) 1,100 X 13,900 52,600 + 16,100 (14,710) Salaries expense X Utility expense Revenue Salaries expense Dividend Totals