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Milea Inc. experienced the following events in 2018, its first year of operations:

1. Received $15,500 cash from the issue of common stock.
2. Performed services on account for $45,000.
3. Paid the utility expense of $1,300.
4. Collected $31,530 of the accounts receivable.
5. Recorded $8,700 of accrued salaries at the end of the year.
6. Paid a $1,250 cash dividend to the stockholders.

Prepare the income statement. MILEA INC. Income Statement For the Year Ended December 31, 2018 Expenses Total expenses Prepare the statement of changes in stockholders' equity. MILEA INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity Prepare the balance sheet. MILEA INC. Balance Sheet As of December 31, 2018 Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Prepare the statement of cash flows for the 2018 accounting period. (Amounts to be deducted should be indicated with a minus sign.) MILEA INC. Statement of Cash Flows For the Year Ended December 31, 2018 Cash flow from operating activities Net cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Net cash flow from financing activities Net change in cash Ending cash balance