Req B1 Req B2 Req B3 Req B4 Prepare the statement of cash flows for the Year 1 accounting period. (Enter cash outflows with a minus sign.) MILIA, INCORPORATED Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flow from operating activities Net cash flow from operating activities $ 0 Cash flow from investing activities Cash flow from financing activities Net cash flow from financing activities 0 Net change in cash 0 Ending cash balance $ 0 Req B1 Req B2 Req B3 Req B4 Prepare the balance sheet for the Year 1 accounting period. MILIA, INCORPORATED Balance Sheet As of December 31, Year 1 Assets Total assets $ Liabilities Total liabilities $ 0 Stockholders' Equity Total stockholders' equity 0 Total liabilities and stockholders' equity $ 0 Req B1 Reg B2 Req B3 Req B4 Prepare the statement of changes in stockholders' equity for the Year 1 accounting period. MILIA, INCORPORATED Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Ending common stock $ 0 Beginning retained earnings Ending retained earnings 0 Total stockholders' equity $ 0 Required information Exercise 2-3A {Algol Effect of accruals on the nancial statements LO 2-1. 2-2, 2-3 [The following information applies to the questions displayed below] Milea Incorporated experienced the following events in Year 1, its rst year of operations: 1. Received $16,500 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,500. 4. Collected $38,190 of the accounts receivable. 5. Recorded $6,500 of accrued salaries at the end of the year. 6. Paid a $1,400 cash dividend to the stockholders. L 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. Req B1 Req E52 Req B3 Req B4 Prepare the income statement for the Year 1 accounting period. Expen ses Total expenses Req 32 >