$[$The following information applies to the questions displayed below.$]$

Milea Incorporated experienced the following events in Year $1,$ its first year of operations:

Received $$12,500$ cash from the issue of common stock.

Performed services on account for $$45,000.$

Paid the utility expense of $$1,150.$

Collected $$35,150$ of the accounts receivable.

Recorded $$8,850$ of accrued salaries at the end of the year.

Paid a $$1,400$ cash dividend to the stockholders.

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.

Note: 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.

$\backslash$table$[[$MILEA INCORPORATED$],[$Accounting Equation$],[$For the Year Ended December $31,$ Year $1],[$Event$,$Assets,$\backslash$table$[[=$