Milea Incorporated experienced the following events in Year 1, its first year of operations: 1. Received...

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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 $1,250. 4. Collected $36,200 of the accounts receivable. 5. Recorded $5,900 of accrued salaries at the end of the year. 6. Paid a $1,300 cash dividend to the stockholders. Exercise 2-3A (Algo) Part b b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for the Year 1 accounting period. Complete this question by entering your answers in the tabs below. Req B1 Req B2 Req B3 Req B4 Prepare the statement of cash flows for the Year 1 accounting period. (Enter cash outflows with a minus sign.) MILIA, INCORPORATED Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flow from operating activities Cash received from customers Net cash flow from operating activities $ 0 Cash flow from investing activities Cash flow from financing activities Paid dividends Issue of stock Net cash flow from financing activities Net change in cash Ending cash balance 13,500 13,500 13,500 $ 13,500 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 $1,250. 4. Collected $36,200 of the accounts receivable. 5. Recorded $5,900 of accrued salaries at the end of the year. 6. Paid a $1,300 cash dividend to the stockholders. Exercise 2-3A (Algo) Part b b. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for the Year 1 accounting period. Complete this question by entering your answers in the tabs below. Req B1 Req B2 Req B3 Req B4 Prepare the statement of cash flows for the Year 1 accounting period. (Enter cash outflows with a minus sign.) MILIA, INCORPORATED Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flow from operating activities Cash received from customers Net cash flow from operating activities $ 0 Cash flow from investing activities Cash flow from financing activities Paid dividends Issue of stock Net cash flow from financing activities Net change in cash Ending cash balance 13,500 13,500 13,500 $ 13,500