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Required information (The following information applies to the questions displayed below) Milea Inc. experienced the following events in 2018. its first year of operations: 1.
Required information (The following information applies to the questions displayed below) Milea Inc. experienced the following events in 2018. 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 $1,400. 4. Collected $39,580 of the accounts receivable, 5. Recorded $7.400 of accrued salaries at the end of the year. 6. Paid a $1.250 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 2018 accounting period. Req B1 Req B2 Req B3 Req B4 Prepare the income statement. MILEA INC. Income Statement For the Year Ended December 31, 2018 Expenses n Total expenses Reg B1 Req B2 Reg B3 Req B4 Prepare the statement of changes in stockholders' equity. MILEA INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity
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