Amounts of the assets and liabilities of Township Associates Inc., as of December 31, 2020, are given as follows. Also included are revenue and expense figures for the year ended on that date amounts in millions). E (Click the icon to view the amounts.) Requirements 1. Prepare the income statement of Township Associates Inc. for the year ended December 31, 2020 2. What amount of dividends did Township declare during the year ended December 31, 2020? Hint: Prepare a statement of retained earnings Requirement 1. Prepare the income statement of Township Associates Inc. for the year ended December 31, 2020 Prepare the income statement for Township Associates Inc. Revenues Expenses: Total expenses Net income before tax statement of retained earnings - X Amounts ws Property and equipment, net 62 8 $ Total revenue 36 Investment 74 Receivables 261 325 Long-term liabilities 76 Current liabilities, 17 Other expenses. 15 Common shares 7 Cash 31 Interest expense 13 Retained earnings, beginning 21 Salary and other employee expense 44 2 Other assets Retained earnings, ending