2 of 2 ints eBook Prins References Required information Exercise 2-3A (Algo) Effect of accruals on the financial statements LO 2-1, 2-2, 2-3 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 $13,000 cash from the issue of common stock 2. Performed services on account for $45,000 3. Paid the utility expense of $1,250 4. Collected $39,860 of the accounts receivable. 5. Recorded $8,750 of accrued salaries at the end of the year 6. Paid a $850 cash dividend to the stockholders