Required information [The following information applies to the questions displayed below.] Milea Incorporated experienced the following events in Year 1, its first year of operations: 1. Received $12,000 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 $30,270 of the accounts receivable. 5. Recorded $9,000 of accrued salaries at the end of the year. 6. Paid a $1,250 cash dividend to the stockholders. Required MILIA, INCORPORATED General Ledger Accounts For the Year Ended December 31, Year 1 Assets. = Liabilities + Stockholders' Equity Account Titles for Event Cash Accounts Receivable Salaries Payable + Common Stock Retained Earnings Retained Earnings 1. 12,000 + 12,000 2. 3. 4. 5. 6. + Totals 12,000 0- 0 + 12,000 0