missing answer for net income on req b2

Required information [The following information applies to the questions displayed below.] Milea Incorporated experienced the following events in Year 1, its first year of operations: 1. Received $12,000 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,300. 4. Collected $31,890 of the accounts receivable. 5. Recorded $8,150 of accrued salaries at the end of the year. 6. Paid a $1,450 cash dividend to the stockholders. \begin{tabular}{|l|r|r|} \hline \multicolumn{2}{|c|}{ MILIA, INCORPORATED } \\ \multicolumn{2}{|c|}{ Income Statement } \\ \hline \multicolumn{2}{|c|}{ For the Year Ended December 31, Year 1} \\ \hline Revenue & & $45,000 \\ \hline Expenses & & \\ \hline Utility expense & (1,300) & \\ \hline Salaries expense & 8,150 & \\ \hline & & \\ \hline Total expenses & & \\ \hline Net income & & $38,850) \\ \hline \end{tabular} Prepare the statement of changes in stockholders' equity for the Year 1 accounting p MILIA, INCORPORATED Balance Sheet As of December 31, Year 1 Assets MILIA, INCORPORATET Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flow from operating activities \begin{tabular}{|l|l|l|} \hline Net cash flow from operating activities & & \\ \hline Cash flow from investing activities & & \\ \hline Cash flow from financing activities & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Net cash flow from financing activities & & \\ \hline Net change in cash & & \\ \hline & & \\ \hline Ending cash balance & & \\ \hline & & \\ \hline \end{tabular}