2-57 Net Income and Retained Earnings McDonald's Corporation is a well-known fast-food restaurant company. The following data are from its 2011 annual report ($ in millions): McDonald's Corporation $33,811.7 Dividends declared $ 2,607.3 Retained earnings, December 31, 2010 Revenues 2,393.7 1,481.5 Interest and other nonoperating expenses Provision for income taxes Food and paper expense Payroll and employee benefits 27,006.0 Selling, general, and administrative expenses 517.5 Franchise restaurantsoccupancy expenses 2,509.1 Retained earnings, end of year 6,167.2 4,606.3 Occupancy and other operating expenses 36,707.5 3,827.6 1. Prepare the following for the year ended December 31, 2011: a. Income statement. Label the final three lines of the income statement as follows: income before provision for income taxes, provision for income taxes, and net income. b. The retained earnings column of the statement of stockholders' equity. 2. Comment briefly on the relative size of the cash dividend