This is all for one question
Milea Inc experienced the following events in Year 1. its first year of operations 1. Received $14,000 cash from the issue of common stock 2. Performed services on account for $45,000. 3. Pald the utility expense of $1,100. 4. Collected $38.490 of the accounts receivable. 5. Recorded $9.950 of accrued salaries at the end of the year. 6. Pald a $1.250 cash dividend to the stockholders b. Prepare the income statement, statement of changes in stockholders' oquity, balance sheet, and statement of cash flows for the Complete this question by entering your answers in the tabs below. Red B Reg 02 Reg 3 Reg 34 Prepare the income statement for the Year 1 accounting period. MILEA INC Income Statement For the Year Ended December 31, Year 1 Tol pers Complete this question by entering your answers in the tabs below. Req B1 Reg 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 Ending common stock Beginning retained earnings Ending retained earings Total stockholders' equity Req B1 Req B3 > 0 Required information Req B1 Req B2 Reg B3 Reg B4 Prepare the balance sheet for the Year 1 accounting period. MILEA INC. Balance Sheot As of December 31, Year 1 Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total llabilities and stockholders' equity Required information Req B: Req B2 Reg B3 Reg 34 Prepare the statement of cash flows for the Year 1 accounting period. (Enter cash outflows with a minus sign. MILEA INC Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flow from operating activities Net cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Net onth flow from financing activities Not change in cash Ending cash balance