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. Pald the utility expense of $1,500. 4. Collected $31,510 of the accounts receivable. 5. Recorded $7,500 of accrued salaries at the end of the year, 6. Pald a $1.200 cash dividend to the stockholders Required a. Record the events in general ledger accounts under an accounting equation. In the last column of the table, provide appropriate account lives for the Retained Earnings amounts. The first transaction has been recorded as an example. (If there is no effect on the Account Titles for Retained Earnings, leave the cell blank Not all cells will require input. Enter any decreases to account balances with a minus sign.) MLEA INC General Ledger Accounts For the Year Ended December 31. Year 1 Assets Llabilities Stockholders Equity Accounts salaries Common Retained Cash Receivable Payable Stock Earnings 16.800 18,500 Account Tities for Retained Earnings Event 1. 3 - Required information [The following information applies to the questions dtsplayed 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 $1,500. 4. Collected $31,510 of the accounts receivable. 5. Recorded $7,500 of accrued salaries at the end of the year. 6. Pald a $1.200 cash dividend to the stockholders. OK ant b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for the Year 1 accounting period. ences Complete this question by entering your answers in the tabs below. Rog Reg 32 Reg 3 Reg34 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 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. Pald the utility expense of $1,500. 4. Collected $31,510 of the accounts receivable, 5. Recorded $7,500 of accrued salaries at the end of the year. 6. Paid a $1,200 cash dividend to the stockholders. b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flo Year 1 accounting period. Complete this question by entering your answers in the tabs below. Rug B Re4 32 Reg 33 Reg 4 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 $ Ending common stock Beginning retained earnings Endineretanederings Total stockholders equity [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. Pald the utility expense of $1,500. 4. Collected $31,510 of the accounts receivable. 5. Recorded $7,500 of accrued salaries at the end of the year. 6. Paid a $1.200 cash dividend to the stockholders. b. Prepare the income statement statement of changes in stockholders' equity, balance sheet, and statement of cash flows Year 1 accounting period. Complete this question by entering your answers in the tabs below. Reg 31 Rag B2 Rag 33 Reg B4 Prepare the balance sheet for the Year 1 accounting period MLEA INC Balance Sheet As of December 31, Year 1 Assets 0 Total assets Liabilities Total abilities Stockholders' Equity 2 Periormed services on decouTL TO 450.000 3. Pald the utility expense of $1,500. 4. Collected $31,510 of the accounts recelvable. 5. Recorded $7,500 of accrued salaries at the end of the year. 6. Pald a $1,200 cash dividend to the stockholders. b. Prepare the Income statement, statement of changes in stockholders' equity. balance sheet, and statement of Year 1 accounting period. Complete this question by entering your answers in the tabs below. Req B1 Reg B2 Reg B3 Reg B4 Prepare the statement of cash flows for the Year 1 accounting period. (Enter cash outflows with a minus sign) MILEA INO 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 Ner change in cash @ Ending cash balance 0