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Mijka Company wasstarted on January 1, 2018. During 2018, the company experiencedthe following three accounting events: (1) earned cash revenues of$31,600, (2) paid cash expenses of $14,200, and (3) paid a $2,500cash dividend to its stockholders. These were the only events thataffected the company during 2018.RequiredRecord the effects ofeach accounting event under the appropriate general ledger accountheadings.Prepare an incomestatement, statement of changes in stockholders’ equity, and abalance sheet dated December 31, 2018, for Mijka Company.Complete thisquestion by entering your answers in the tabs below.Req AMIJKACOMPANYAccounting Equation for 2018EventAssets=Liabilities+Stockholders’ EquityCash=+CommonStock+RetainedEarnings1.=++2.=++3.=++Ending balancePrepare an incomestatement dated December 31, 2018, for Mijka Company.MIJKA COMPANYIncome StatementFor the Year Ended December 31, 2018Prepare a statement ofchanges in stockholders’ equity dated December 31, 2018, for MijkaCompany.MIJKACOMPANYStatement ofChanges in Stockholders’ EquityFor the YearEnded December 31, 2018Beginningcommon stockPlus: Commonstock issuedEnding commonstockBeginningretained earningsEndingretained earningsTotal stockholders’ equityPrepare a balancesheet dated December 31, 2018, for Mijka Company.MIJKACOMPANYBalanceSheetAs ofDecember 31, 2018AssetsTotalassetsLiabilitiesStockholders’equityCommon stockTotalstockholders’ equityTotal liabilities and stockholders’ equityTypewritten answers, please, no handwritten answers. Thankyou.