Saved 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 $12,500 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 $39,440 of the accounts receivable. 5. Recorded $9,100 of accrued salaries at the end of the year. 6. Paid a $850 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 Pro IN Next Complete this question by entering your answers in the tabs below. Req B1 Req B2 Req B3 Reg B4 Prepare the statement of changes in stockholders' equity for the Year 1 accounting period. MILEA INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock $ 0 Plus: Common stock issued Less: Common stock issued 0 0 Total stockholders' equity $ Complete this question by entering your answers in the tabs below. Req B1 Req B2 Req B3 Req B4 Prepare the statement of changes in stockholders' equity for the Year 1 accounting period. MILEA INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock $ $ 0 Ending common stock Beginning retained earnings 0 0 $ Less: Net income Plus: Net income