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Required information [The following information applies to the questions displayed below] Milea Inc. experienced the...

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Accounting

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Required information [The following information applies to the questions displayed below] Milea Inc. experienced the following events in 2016, its first year of operations: 1. Recelved $20,000 cash from the issue of common stock. 2. Performed services on account for $56,000. 3. Paid the utility expense of $2,500. 4. Collected $48,000 of the accounts receivable. 5. Recorded $10,000 of accrued salaries at the end of the year, 6. Paid a $2,000 cash dividend to the stockholders. b-1. Prepare the income statement. b-2. Prepare the statement of changes in stockholders' equity. b-3. Prepare the balance sheet. b-4. Prepare the statement of cash flows for the 2016 accounting period. (Amounts to be deducted should be indicated with a minus sign.)

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