Question: Please help me with these two. I am so stuck! Required information [The following information applies to the questions displayed below.] Milea Inc. experienced the

![[The following information applies to the questions displayed below.] Milea Inc. experienced](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/10/6717bf90cb063_6166717bf902b2a2.jpg)
Please help me with these two. I am so stuck!
Required information [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 $1,450. 4. Collected $36,650 of the accounts receivable. 5. Recorded $8,000 of accrued salaries at the end of the year. 6. Paid a $1,050 cash dividend to the stockholders. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cask flows for the Year 1 accounting period. Complete this question by entering your answers in the tabs below. Prepare the income statement for the Year 1 accounting period. Required information [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 $1,450. 4. Collected $36,650 of the accounts receivable. 5. Recorded $8,000 of accrued salaries at the end of the year. 6. Paid a $1,050 cash dividend to the stockholders. Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cas flows for the Year 1 accounting period. Complete this question by entering your answers in the tabs below. Prepare the statement of changes in stockholders' equity for the Year 1 accounting period
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