Milea Incorporated experienced the following events in Year $1,$ its first year of operations:

Received $$12,500$ cash from the issue of common stock.

Performed services on account for $$45,000.$

Paid the utility expense of $$1,150.$

Collected $$32130$ of the accounts receivable.

Recorded $$6150$ of accrued salaries at the end of the year.

Paid a $$1,400$ cash dividend to the stockholders.