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

1. Please find the Profit & Loss statement as below:

2. Please find the Statement of Changes in Stockholder's Equity as below:

3. Please find the Balance Sheet as below:

4. Please find the Cash Flow Statement as below:

$ 45,000 MILEA INC. Income Statement For the Year Ended December 31, 2018 Revenue: Sale of Services Expenses Utility Expenses $ 1,300 Accrued Salaries $ 8,700 Total Expenses $ (10,000) Net Profit/(Loss) for the year $ 35,000

MILEA INC. Statement of Changes in Stockholder's Equity For the Year Ended December 31, 2018 Beginning Common Stock $ 15,500 Changes in the year $ - Ending Common Stock $ 15,500 Beginning Retained Earnings Profits of the year Dividend Paid Ending Retained Earnings $ $ 35,000 (1,250) $ 33,750 Net Profit/(Loss) for the year $ 49,250

MILEA INC. Balance Sheet For the Year Ended December 31, 2018 Assets Accounts Receivable $ 13,470 Cash $ 44,480 Total Assets $ 57,950 Liabilities Accrued Salaries Total Liabilities $ 8,700 $ 8,700 Stockholder's Equity Common Stock Retained Earning Total Stockholder's Equity $ $ 15,500 33,750 $ 49,250 Total liabilities and stockholder's equity $ 57,950

M MILEA INC. Statement of Cash Flows For the Year Ended December 31, 2018 Cash Flow from Operating Activities Net Profit from P&L $ 35,000 Less: Dividend Paid $ (1,250) Changes in Working Capital: Increse in Account Receivable $ (13,470) Increse in Accrued Salaries $ 8,700 Net Cash flow from Operating Activities $ 28,980 Cash flow from Investing Activity Cash flow from Financing Activity issue of Share $ 15,500 Net Cash flow from Operating Activities $ 15,500 $ 44,480 Net Change in Cash Opening Cash Ending Cash Balance $ $ 44,480