Majka Company was started on January 1, Year 1. During Year 1, the company experienced the following accounting events: (1) Issued 52,700 worth of common stock (2) earned cash revenues of $31,600, (3) paid cash expenses of $14,200, and (4) paid a $2,500 cash dividend to its stockholders. These were the only events that affected the company during Year 1. 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, Year 1, for Majka Company.

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Record the effects of each accounting event under the appropriate general ledger account headings. account balances with a minus sign.) me statement dated December 31 , Year 1 , fo Prepare a statement of changes in stockholders' equity dated December 31 , Year Prepare a balance sheet dated December 31 , Year 1 , for Majka Company