Exercise 1-15A Preparing an income statement and a balance sheet LO 1-7 Majka Company was started on January 1 Year 1 During Year 1, the company experienced the following three accounting events (1) earned cash revenues of $29.500.(2) paid cash expenses of $13,500, and (3) paid a $1.800 cash dividend to its stockholders. These were the only events that affected the company during Year 1 Required a. Record the effects of each accounting event under the appropriate general ledger account headings b. Prepare an income statement statement of changes in stockholders' equity, and a balance sheet dated December 31 Yeart for Majka Company Complete this question by entering your answers in the tabs below. Required A Required B Inc Stmt Required B Stmt of Changes Required B Bal Sheet Record the effects of each accounting event under the appropriate general ledger account headings. (Enter any decrease account balances with a minus sign.) MAJKA COMPANY Accounting Equation for Year1 - Liabilities Assets Event Stockholders' Equity Commons Retained Earnings Cash Stock Ending balance Required B Inc Simt> Saved Complete this question by entering your answers in the tabs below. Required A Required B Incl Required B Stmt of Stmt Changes Required B Bal Sheet Prepare an income statement dated December 31, Year 1, for Majka Company MAJKA COMPANY Income Statement For the Year Ended December 31, Year 1 Complete this question by entering your answers in the tabs below. Required B Ball Required A Required B Inc Stmt Required B Stmt of Changes Sheet Prepare a balance sheet dated December 31, Year 1, for Majka Company MAJKA COMPANY Balance Sheet As of December 31. Year 1 Assets Total assets Liabilities Stockholders' equity Total stockholders equity Total liabilities and stockholders equity $ 14 200