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 $1,100. 4. Collected $36,860 of the accounts receivable. 5. Recorded $6,750 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. Reg 31 Reg B2 Reg B3 Reg B4 Prepare the income statement for the Year 1 accounting period MILEA INC Income Statement For the Year Ended December 31, Year 1 Expenses Total expenses 0 $ 0 Reg Req B2 > Complete this question by entering your answers in the tabs below. 2 Req B1 Req B2 Reg B3 Reg 34 - Prepare the statement of changes in stockholders' equity for the Year 1 accounting period. MILEA INC Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock ces $ 0 Ending common stock Beginning retained earnings 0 Ending retained earnings Total stockholders' equity $ 0 Req B1 Req B2 Reg B3 Req B4 Prepare the balance sheet for the Year 1 accounting period. MILEA INC Balance Sheet As of December 31, Year 1 Assets Cash $ 0 Total assets Liabilities $ 0 Total labidities Stockholders' Equity 0 Total stockholders' equity Total liabilities and stockholders' oquity 5 0 Req B1 Req B2 Reg B3 Req B4 Prepare the statement of cash flows for the Year 1 accounting period. (Enter cash outflows with a minus sign.) MILEA INC. Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flow from operating activities Cash received from customers S 36,860 Cash paid for expenses (1.100) Issue of stock 14,000 Net cash flow from operating activities Cash flow from investing activities Cash flow from financing activities issue of stock $ 14,000 Paid dividend 1.000 Cash received from customers 15,000 Not cash flow from financing activities Net change in cash Plus Beginning cash balance Ending cash balance $ 49,760 0 30,000 79,760 0 $ 79,760