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 $15,500 cash from the issue of common stock 2. Performed services on account for $45,000 3. Paid the utility expense of $1,200, 4. Collected $31,510 of the accounts receivable 5. Recorded $5,950 of accrued salaries at the end of the year, 6. Paid a $1,150 cash dividend to the stockholders, MILEA INC. Income Statement For the Year Ended December 31, Year 1 Revenue $ 45,000 Expenses Utilities expense Total expenses Net income $ 45,000 MILEA INC Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year Beginning common stock $ 0 Plus: Common stock issued Ending common stock $ Beginning retained earnings Plus: Net Income Less: Dividend Ending retained earnings Total stockholders' equity $ 0 0 ol As of December 31, Year 1 Assets $ 0 Total assets Liabilities 0 0 $ Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity OO GA 0 2. For the Year Ended December 31, Year 1 Cash flow from operating activities $ 0 Net cash flow from operating activities Cash flow from investing activities Cash flow from financing activities 0 Net cash flow from financing activities Net change in cash 0 Ending cash balance $ 0