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 $17,000 cash from the issue of common stock 2. Performed services on account for $45,000, 3. Paid the utility expense of $1,350. 4. Collected $33,240 of the accounts receivable, 5. Recorded $8,950 of accrued salaries at the end of the year. 6. Paid a $1.450 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 B1 Reg B2 Reg B3 Red 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 Req B2 > 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 B1 Req B2 Reg 2 Reg 4 Prepare the statement of changes in stockholders' equity for the Year 1 accounting perioda MILEA INC Statement of Changes in Stockholders' Equity For the Year Ended December 31, Yoor 1 Beginning common stock Ending common stock Beginning retained earnings Ending retained earings Total stockholders equity 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 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 Net cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Net cash flow from financing activities Net change in cash Ending cash balance