Required information

[The following information applies to the questions displayed below.] Milea Inc. experienced the following events in Year 1, its first year of operations:

1. Received $14,000 cash from the issue of common stock.
2. Performed services on account for $45,000.
3. Paid the utility expense of $1,450.
4. Collected $30,030 of the accounts receivable.
5. Recorded $8,550 of accrued salaries at the end of the year.
6. Paid a $1,450 cash dividend to the stockholders.

b-1. Prepare the income statement.

b-2. Prepare the statement of changes in stockholders equity. b-3. Prepare the balance sheet.

b-4. Prepare the statement of cash flows for the Year 1 accounting period.

MILEA, INC. Income Statement For the Year Ended December 31, Year 1 Expenses Total expenses MILEA, INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity MILEA, INC Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity MILEA, INC. Statement of Cash Flows For the Year Ended December 31, Year 1 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