mheducation.COM Saved 2 Homework Required information (The following information applies to the ques

mheducation.COM Saved 2 Homework Required information (The following information applies to the ques

mheducation.COM Saved 2 Homework Required information (The following information applies to the questions displayed below.) of 2 Milea Inc, experienced the following events in 2018, its first year of operations: 1. Received $14,500 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 $38,320 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. int rences b. Prepare the income statement, statement of changes in stockholders&#39; equity, balance she 2018 accounting period. Complete this question by entering your answers in the tabs below. Required information t e tton by entering your answers in the tabs below. Req B1 Req B2 Req B3 Req B4 Part 2 of 2 Prepare the income statement. points eBook $ 45,000 Hint MILEA INC. Income Statement For the Year Ended December 31, 2018 Revenue Expenses Utilities expense $ (1,250) Salaries expense (5,900) Dividends (1,300) Total expenses Net income Print References (8,450) $ 36,550 Req B2 > Required information plecath l on by entering your answers in the tabs below. Req B1 Reg Req B3 Req B4 Prepare the statement of changes in stockholders&#39; equity. MILEA INCI Statement of Changes in Stockholders&#39; Equity For the Year Ended December 31, 2018 Beginning common stock | $ 14,500 Plus: Common stock issued : Ending common stock $ 14,500 Beginning retained earnings | Plus: Net income 36,550 Less: Dividend 1,300 Ending retained earnings 35,250 Total stockholders&#39; equity $ 49,750 ices < Req B1 Req B3 > 2 Homework Saved combo + Assets Cash Accounts receivable Total assets Liabilities Salaries payable Total liabilities Stockholders&#39; Equity Common stock Retained earnings Total stockholders&#39; equity Total liabilities and stockholders&#39; equity ( Req B2 Req B4 > 2 Homework Required informat Son December 2018 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 Reg 33

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