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 $1,100. 4. Collected $38,170 of the accounts receivable. 5. Recorded $6,150 of accrued salaries at the end of the year. 6. Pald a $1,300 cash dividend to the stockholders. b-1. Prepare the income statement. MILEA INC. Income Statement For the Year Ended December 31, Year 1 Expenses ok mt int Total expenses 0 0 Tences $ 2 b-2. Prepare the statement of changes in stockholders' equity. MILEA INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock ook ant $ 0 tint Ending common stock Beginning retained earnings erences 0 Ending retained earnings Total stockholders' equity $ 0 exercises a Required information Balance Sheet As of December 31, Year 1 Assets $ 0 Total assets Liabilities $ $ 0 Total liabilities Stockholders' Equity ces Total stockholders' equity Total liabilities and stockholders' equity 0 $ 0