Milea Incorporated experienced the following events in Year 1, its first year of operations: 1. Received $13,500 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,100. 4. Collected $35,550 of the accounts receivable. 5. Recorded $7,200 of accrued salaries at the end of the year. 6. Paid a $1,350 cash dividend to the stockholders. b-1. Prepare the income statement. b-2. Prepare the statement of changes in stockholders' equity. b-3. Prepare the balance sheet. b-4. Prepare the statement of cash flows for the Year 1 accounting period. Note: Amounts to be deducted and cash outflows should be indicated with a minus sign
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