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 $16,500 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 $34,240 of the accounts receivable. 5. Recorded $8,550 of accrued salaries at the end of the year. 6. Paid a $1,000 cash dividend to the stockholders. b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for the Year 1 accounting period. Complete this question by entering your answers in the tabs below. Req B1 Req B2 Req 83 Req 84 Prepare the income statement for the Year 1 accounting period. MILEA INC. Income Statement For the Year Ended December 31, Year 1 Complete this question by entering your answers in the tabs below. Req B1 Req B2 Req B3 Req B4 Prepare the income statement for the Year 1 accounting period. Expenses MILEA INC. Income Statement For the Year Ended December 31, Year 1 Total expenses ok Req B1 Req B2 Req B3 Req B4 ht Prepare the statement of changes in stockholders' equity for the Year 1 accounting MILEA INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 nt Beginning common stock ences Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity < Req B1 Req B3 > es Assets MILEA INC. Balance Sheet As of December 31, Year 1 Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Req B1 Req B2 Req B3 Req B4 Prepare the statement of cash flows for the Year 1 accounting period. (Enter cash outfl- 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