Majka Company was started on January 1, Year 1. During Year 1, the company earned cash revenues of $31600, (2) paid cash expenses of $14,200, and (3) paid a $2,500 cash dividend to ts stockholders. These experienced the following three accounting events:(1) 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. Complete this question by entering your answers in the tabs below. Required B Required B Ba Stmt of Changes Stmt 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.) PANY Required B Stmt of Required B Required 8 Ba Required A Required B Inc Sheet Changes the effects of each accounting event under the appropriate general ledger account headings. (Enter any decreases to account balances with a minus sign.) Accounting Equation for Yeart Assets Liabilities Stockholders' Equity Retained ings Event Commorn Cash Required B Stmt of Required B Bal Required ARequired B Inc Stmt ChangesSheet Prepare an income statement dated December 31, Year 1, for Majka Company. MAJKA COMPANY Income Statement For the Year Ended December 31, Year 1 K Required A Required B Stmt of Changes Requireu o anc Stmt Required A Sheet Changes Prepare a statement of changes in stockholders' equity dated December 31, Year 1, for Majka Company. MAJKA COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 stock Ending common stock Total stockholders' equity