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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.

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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. Received $20,000 cash from the issue of common stock. 2. Performed services on account for $56,000. 3. Paid the utility expense of $2,500. 4. Collected $48.000 of the accounts receivable. 5. Recorded $10,000 of accrued salaries at the end of the year. 6. Paid a $2,000 cash dividend to the stockholders. b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and stat 2018 accounting period. Prepare the statement of changes in stockholders equity. o pints MILEA INCI Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 Beginning common stock eBook $ 0 Hint Ending common stock Beginning retained earnings References 0 Ending retained earnings Total stockholders' equity $ 0

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