Milea Incorporated experienced the following events in Year $1,$ its first year of operations:Received $$15,000$ cash from the issue of common stock.Performed services on account for $$45,000.$Paid the utility expense of $$1,100.$Collected $$39,640$ of the accounts receivable.Recorded $$6,050$ of accrued salaries at the end of the year.Paid a $$1,300$ cash dividend to the stockholders.b$-3.$ Prepare the balance sheet.

$\backslash$table$[[$MILEA INCORPORATED$],[$As of December $31,$ Year $1,,],[$Assets$,,],[,,],[,,],[$Total assets,,$],[$Liabilities$,,],[,,],[,,],[$Total liabilities,,$],[$Stockholders$\text{'}$ Equity,,$],[,,],[,,],[$Total stockholders' equity,,$],[$Total liabilities and stockholders' equity,,$]]$