Exercise OT accruals on the financial stateme (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 $14,000 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Pald the utility expense of $1,250. 4. Collected $30.480 of the accounts recevable. 5. Recorded $5,300 of accrued salaries at the end of the year. 6. Paid a $750 cash dividend to the stockholders. Exercise 2-8A Part a Required a. Record the events in general ledger accounts under an accounting equation. In the last column of the table, provide appropriate Input neededs for the Retained Earnings amounts. The first transaction has been recorded as an example. (Enter any decreases to account balances with a minus sign. Not all cells in the "Accounts Titles for Retained Earnings" column may require an input- leave cells blank if there is no corresponding Retained Earnings input needed.) MILEA INC Accounting equation For the Year Ended December 31. Year 1 Assets Liabilities + Stockholders' Equity Cash Accounts Salaries Common Retained Receivable Payable Stock Earnings 14,000 14,000 Event Accounts Titles for Retained Earnings 1. 2 3. 4. 5. 6. Totals