Majka Company was started on January 1, Year 1 when it acquired $50,000 from the sale of common stock. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $28,600,(2) paid cash expenses of $13,200, and (3) paid a $1,500 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 account headings. b-1. Prepare an income statement dated December 31, Year 1, for Majka Company. b-2. Prepare a statement of changes in stockholders' equity dated December 31, Year 1, for Majka Company b-3. Prepare a balance sheet dated December 31, Year 1, for Majka Company Complete this question by entering your answers in the tabs below. Req A Reg B1 Reg B2 Req B3 Record the effects of each accounting event under the appropriate account headings. (Enter any decreases to account balances with a minus sign.) MAJKA COMPANY Accounting Equation for Year 1 Assets Liabilities + Event Stockholders' Equity Common Retained + Stock Earnings Cash + + Common stock 1. Cash revenues 2. Paid expenses 3. Paid dividend Ending balance + + + 0 0 0 + Req B2 Prepare an income statement dated December 31, Year 1, for Majka Company Req B3 MAJKA COMPANY Income Statement For the Year Ended December 31, Year 1 $ Prepare a statement of changes in stockholders' equity dated December 31, Year 1, for Majka Company. (Amo deducted should be indicated with a minus sign.) MAJKA COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Common stock $ 0 Ending common stock Beginning retained earnings 0 Ending retained earnings Total stockholders' equity $ 0 Prepare a balance sheet dated December 31, Year 1, for Majka Company. MAJKA COMPANY Balance Sheet As of December 31, Year 1 Assets $ $ Total assets Liabilities Stockholders' equity 0 Total stockholders' equity Total liabilities and stockholders' equity 0