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  1. business
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  3. milea incorporated experienced the following event

Milea Incorporated experienced the following events in Year 1, its first year of operations:Received $15,000...

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Accounting

Milea Incorporated experienced the following events in Year 1, its first year of operations:Received $15,000 cash from the issue of common stock.Performed services on account for $45,000.Paid the utility expense of $1,100.Collected $39,640 of the accounts receivable.Recorded $6,050 of accrued salaries at the end of the year.Paid a $1,300 cash dividend to the stockholders.b-4. Prepare the statement of cash flows for the Year 1 accounting period.
Note: Amounts to be deducted and cash outflows should be indicated with a minus sign.
\table[[MILEA INCORPORATED,],[Statement of Cash Flows,],[Cash flow from operating activities,,],[,,],[,,],[Net cash flow from operating activities,,],[Cash flow from investing activities,,],[Cash flow from financing activities,,],[,,],[,,],[,,],[Net cash flow from financing activities,,],[Net change in cash,,],[,,],[Ending cash balance,,]]
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