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 $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

1. Record the effects of each accounting event under the appropriate general ledger account headings.

2. Prepare an income statement, statement of changes in stockholders equity, and a balance sheet dated December 31, Year 1, for Mijka Company.

Complete this question by entering your answers in the tabs below. Reg A Req B Inc Stmt Req B Stmt of Req B Bal Sheet Changes Record the effects of each accounting event under the appropriate general ledger account headings. (Enter any decreases to account balances with a minus sign. Not all cells require input.) MIJKA COMPANY Accounting Equation for Year 1 Assets Liabilities Stockholders' Equity Common Retained Cash + + Stock Earnings + Event 1. + + 2. + 3. = + + Ending balance 0 Complete this question by entering your answers in the tabs below. Req A Req B Inc Stmt Req B Stmt of Changes Req B Bal Sheet Prepare an income statement dated December 31, Year 1, for Mijka Company. MIJKA COMPANY Income Statement For the Year Ended December 31, Year 1 Complete this question by entering your answers in the tabs below. Req A Req B Inc Stmt Req B Stmt of Req B Bal Sheet Changes Prepare a statement of changes in stockholders' equity dated December 31, Year 1, for Mijka Company. MIJKA COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Plus: Common stock issued Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity Complete this question by entering your answers in the tabs below. Req A Req B Inc Stmt Req B Stmt of Changes Req B Bal Sheet Prepare a balance sheet dated December 31, Year 1, for Mijka Company. MIJKA COMPANY Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity