Homework 6 0 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 $13,500 cash from the issue of common stock 2. Performed services on account for $45,000 3. Pald the utility expense of $1,150. 4. Collected $36,540 of the accounts receivable. 5. Recorded $8,100 of accrued salaries at the end of the year 6. Paid a $1,050 cash dividend to the stockholders. b-1. Prepare the income statement MILEA, INC. Income Statement For the Year Ended December 31, Year 1 Common stock $ 13,500