Majka Company was started on January 1, Year 1. During Year 1, the company experienced the following accounting events: (1) Issued 51,300 worth of common stock (2) earned cash revenues of $30,400, (3) paid cash expenses of $13,800, and (4) paid a $2,100 cash dividend to its stockholders. These were the only events that affected the company during Year 1. Requireda. 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.

rcise 1-15A (Algo) Preparing an income statement and ance sheet LO 1.7 a Company was started on January 1, Year 1 . During Year 1, the company srlenced the following accounting events: (1) Issued 51,300 worth of commor k (2) earned cash revenues of $30,400,(3) pald cash expenses of $13,800, and aid a $2,100 cash dividend to its stockhoiders. These were the only events that ted the company during Year 1. utred acord the effects of each accounting event under the appropriate general fedger lunt headings. epare an income statement, statement of changes in stockholders' equily, and a nce sheet dated December 31, Year 1, for Majka Company. Answer is not complete. omplete this question by entering your answers in the tabs below. cord the effects of each accounting event under the appropriate general ledger account heak zount balances with a minus sign