Required information Milea Inc experienced the following events in Year 1, its first year of operations: $13,000 cash from the issue of common stock 2. Performed services on account for $45.000 3. Paid the utility expense of $1.400. 4. Collected $38,040 of the accounts receivable 5. Recorded $7,850 of accrued salaries at the end of the year. 6. Paid a $900 cash dividend to the stockholders b-1. Prepare the income statement MILEA INC Income Statement For the Year Ended December 31, Year 1