Exercise 1-15 Preparing an income statement and a balance sheet LO 1-7 Mijka Company was started on January 1, 2018. During 2018, the company experienced the following three accounting events: (1) earned cash revenues of $31,300, (2) paid cash expenses of $14,100, and (3) paid a $2,400 cash dividend to its stockholders. These were the only events that affected the company during 2018 Required a. Record the effects of each accounting event under the appropriate general ledger account headings b. Prepare an income statement, statement of changes in stockholders equity, and a balance sheet dated December 31, 2018, for Mika Company Complete this question by entering your answers in the tabs below. ReqA Reg B Inc Stmt Req B Chg SE Red B Bal Sheet Record the effects of each accounting event under the appropriate general ledger account headings. (Enter any decreases to account balances with a minus sign.) MIJKA COMPANY Accounting Equation for 2018 Assets Liabilities Stockholders' Equity Event Data Check my wo Problem 1-35 Recording events in a horizontal statements model LO 1-3, 1-4,1-5, 1-6, 1-7, 1-8, 1-9, 1-10 [The following information applies to the questions displayed below) Maben Company was started on January 1, 2018, and experienced the following events during its first year of operation: 1. Acquired $35,000 cash from the issue of common stock, 2. Borrowed $47,000 cash from National Bank 3. Earned cash revenues of $63,000 for performing services 4. Paid cash expenses of $52,500 5. Paid a $2,500 cash dividend to the stockholders. 6. Acquired an additional $35,000 cash from the issue of common stock 7. Paid $12,000 cash to reduce the principal balance of the bank note. 8. Paid $46,000 cash to purchase land. 9. Determined that the market value of the land is $64,000, Problem 1-35 Porta Required o. Record the preceding transactions in the horizontal statements model. Also, in the Cash Flows column Classify the cash flows as operating activities (OA), investing activities (IA), financing activities (FA), or net change in cash (NC). If the element is not affected by the event, leave the cell blank. The first event is shown as an example (Enter any decreases to account balances and cash outflows with a minus sign. Not all cells will require entry)