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 $15,000 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 $31,740 of the accounts receivable. 5. Recorded $6,150 of accrued salaries at the end of the year. 6. Paid a $1,100 cash dividend to the stockholders. b-1. Prepare the income statement. MILEA, INC. Income Statement For the Year Ended December 31, Year 1 Expenses Prow of Next > b-1. Prepare the income statement. Part 2 of 2 MILEA, INC. Income Statement For the Year Ended December 31, Year 1 . 10 points eBook $ Hint Expenses Utility expense Salaries expense Dividends Total expenses 1,450 1,450 1,100 Print References (4,000) $ (4,000) b-2. Prepare the statement of changes in stockholders' equity, 9 Ne Part 2 of 2 b-2. Prepare the statement of changes in stockholders' equity. 10 points MILEA, INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock eBook Hint Print Ending common stock Beginning retained earnings References Ending retained earnings Total stockholders' equity 0 Mc Graw 20G Required information Part 2 of 2 MILEA, INC. Balance Sheet As of December 31, Year 1 Assets 10 points eBook Hint Total assets Liabilities Print References Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Mc