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answer 1-3 please During 2021, Victor Company eamed revenues of $142 million. (6) (Cick the icon to view noditional information.) Read the requirements. select a
answer 1-3 please
During 2021, Victor Company eamed revenues of $142 million. (6) (Cick the icon to view noditional information.) Read the requirements. select a label or enter a zero. More info Victor incurred, during that same year, salary expense of $29 million, rent expense of $18 million, and utilities expense of $21 million. Victor declared and paid dividends of $19 million during the year. At December 31, 2021, Victor had cash of $140 million, accounts recelvable of $45 million, property and equipment of $41 million, and other long-term assets of $19 million. At December 31,2021 , the company owed accounts payable of $63 million and had a long-term note payable of $28 million. Victor began 2021 with a balance in retained eamings of $71 million. At December 31, 2021, Victor had total stockholders' equity of \$154 million, which consisted of common stock and retained earnings. Victor has a year-end of December 31 . Requirements Prepare the following financial statements (with proper headings) for 2021: 1. Income statement, 2. Statement of retained earnings, 3. Balance sheet Step by Step Solution
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