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 $1,300. 4. Collected $33,840 of the accounts receivable. 5. Recorded $5,700 of accrued salaries at the end of the year. 6. Paid a $900 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 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 BAB2 5. Recorded 6. Paid a $900 cash dividend to the stockholders. b. Prepare the income statement, statement of changes in stockholders' ec balance sheet, and statement of cash flows for the Year 1 accounting per Complete this question by entering your answers in the tabs below. s Reg B1 Req B2 Req B3 Req 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 Ben B2 Req B3 Req B4 Req B1 Reg B2 Prepare the balance sheet for the Year 1 accounting period. MILEA INC. Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity