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Required Information [The following informotion opplies to the questions clisployed below] Miles Inc. experienced the following events in Yeor 1, its first yeor of operstions:
Required Information [The following informotion opplies to the questions clisployed below] Miles Inc. experienced the following events in Yeor 1, its first yeor of operstions: 1. Received $14,000cosh from the issue of common stock. 2. Performed services on occount for $45,000. 3. Paid the utility expense of $1,450. 4. Collected $31,820 of the accounts receivable. 5. Recorded $7,900 of accrued solaries at the end of the year. 6. Paid o $1,350 cosh dividend to the stockholders. b-1. Prepsere the income stotement. b-2. Prepore the statement of changes in stockholders' equity. b-3. Prepore the bolonce sheet
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