Milea Incorporated experienced the following events in Year 1, its first year of operations: 1. Received $17,000 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,100. 4. Collected $36,520 of the accounts receivable. 5. Recorded $9,450 of accrued salaries at the end of the year. 6. Paid a $1,350 cash dividend to the stockholders. Exercise 2-3A (Algo) Part b b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for the Year 1 accounting period. Complete this question by entering your answers in the tabs below. b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash for the Year 1 accounting period. Complete this question by entering your answers in the tabs below. Prepare the income statement for the Year 1 accounting period. Milea Incorporated experienced the following events in Year 1, its first year of operations: 1. Received $17,000 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,100. 4. Collected $36,520 of the accounts receivable. 5. Recorded $9,450 of accrued salaries at the end of the year. 6. Paid a $1,350 cash dividend to the stockholders. Exercise 2-3A (Algo) Part b b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for the Year 1 accounting period. Complete this question by entering your answers in the tabs below. b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash for the Year 1 accounting period. Complete this question by entering your answers in the tabs below. Prepare the income statement for the Year 1 accounting period