Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $30,400, (2) paid cash expenses of $13,800, and (3) paid a $2,100 cash dividends 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 Mijka Company.