Milea Inc. Experienced the following events in Year 1, its first year of operations: Received $15,500 cash from the issue of common stock. Performed services on account for $45,000. Paid the utility expense of $1,400. Collected $39,330 of the accounts receivable. Recorded $9,200 of accrued salaries at the end of the year. Paid a $1,400 cash dividend to the stockholders