Required information Exercise 2-3A (Algo) Effect of accruals on the financial 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 first year of operations: 1. Recelved $12,000 cash from the issue of common stock. 2. Performed services on account for $45,000, 3. Pald the utitity expense of $1,050. 4. Collected $37,250 or the accounts receivable. 5. Recorded $7,100 of accrued salaries at the end of the year. 6. Paid a $1,450 cash dividend to the stockholders. Prepare the statement of cash flows for the Year 1 accounting period. (Enter Prepare the statement of changes in stockholders' equity for the Year 1 accounting period. Prepare the balance sheet for the Year 1 accounting period. Prepare the income statement for the Year 1 accounting period