Milea Inc. experienced the following events in 2018, its first year of operations: 1. Received $16,000 cash from the issue of common stock 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,200. 4. Collected $39,040 of the accounts receivable. 5. Recorded $9,300 of accrued salaries at the end of the year 6. Paid a $1,150 cash dividend to the stockholders. 5 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 Req 82 Req 83 Req B4 Prepare the income statement. MILEA INC. Income Statement ces For the Year Ended December 31, 2018 Expenses Total expenses 1. Received $16,000 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,200. 4. Collected $39,040 of the accounts receivable. 5. Recorded $9,300 of accrued salaries at the end of the year. 6. Paid a $1,150 cash dividend to the stockholders. b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and st 2018 accounting period. Complete this question by entering your answers in the tabs below. Req B1 Req B2 Req B4 Req B3 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 Ending common stock Beginning retained earnings Ending retained eamings Total stockholders' equity Milea Inc. experienced the following events in 2018, its first year of operations: 1. Received $16,000 cash from the issue of common stock 2. Performed services on account for $45,000 3. Paid the utility expense of $1,200. 4. Collected $39,040 of the accounts receivable 5. Recorded $9,300 of accrued salaries at the end of the year. 6. Paid a $1,150 cash dividend to the stockholders. b. Prepare the income statement, statemerk 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 B3 Req B1 Req B2 Req B4 Prepare the balance sheet. MILEA INC. Balance Sheet As of December 31, 2018 Assets Total assets Liabilities Complete this question by entering your answers in the tabs below. Req B1 Req B2 Req B3 Req B4 Prepare the statement of cash flows for the 2018 accounting period. (Amounts to be deducted should be indicated with minus sign.) a MILEA INC. Statement of Cash Flows For the Year Ended December 31, 2018 Cash flow from operating activities Net cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Net cash flow from financing activibes Net change in cash Ending cash balance Re 83 80 F3 O00 DI F4 FB % &