Milea Incorporated experienced the following events in Year 1, Its first year of operations: 1. Received $12,000 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,050. 4. Collected $31,100 of the accounts receivable. 5. Recorded $5,850 of accrued salaries at the end of the year. 6. Paid a $900 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 Year 1 accounting period.