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Milea Inc. experienced the following events in 2018, first year of operations: 1. Received $16,500 cash from the issue of common stock. 2. Performed services
Milea Inc. experienced the following events in 2018, first year of operations: 1. Received $16,500 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,400. 4. Collected $34,980 of the accounts receivable. 5. Recorded $5,750 of accrued salaries at the end of the year. 6. Paid a $1,300 cash dividend to the stockholders. b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for the 2018 accounting period. Complete this question by entering your answers in the tabs below. Req B1 Reg B2 Req B3 Req B4 Prepare the statement of changes in stockholders' equity. MILEA INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 Beginning common stock Plus: Common stock issued Ending common stock $ Beginning retained earnings Plus: Net income Less: Dividend Ending retained earnings Total stockholders' equity $ 0 0 0
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