ten 2 Part 1 of 2 5 points Required information The following information applies to the questions displayed below) Miles Inc experienced the following events in Yeart 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. Pald 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 ebook Hint Required a. Record the events in accounts under an accounting equation. In the last column of the table, provide appropriate account titles for the Retained Earnings amounts. The first transaction has been recorded as an example. (Enter any decreases to account balances with a minus sign. Not all cells require an input leave cells blank if there is no corresponding Retained Earnings input needed.) Print References MILEA INC Accounting Equation For the Year Ended December 31, Year Ansete Liabilities Stockholders' Equity Accounts Common Retained Ronal Payable Stock Earnings 20,000 20.000 . Event Accounts Titles for Retained Earnings 1 - 2 3. 4 5 6 Tata