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Milea incorporated experlenced the following events in Year 1, its first year of operations: 1. Received $16,000 cash from the issue of common stock. 2.

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Milea incorporated experlenced the following events in Year 1, 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 $1,150. 4. Collected $30,810 of the accounts receivable. 5. Recorded $6,450 of accrued salaries at the end of the year. 6. Paid a $1,250 cash dividend to the stockholders. b-1. Prepare the income statement. -2. Prepare the statement of changes in stockholders' equity. b-3. Prepare the balance sheet. -3. Prepare the balance sheet. Note: Amounts to be deducted and cash outtiows should be indicated with a minus sign

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