During 2018, Burke Company earned revenues of $152 million. (Click the icon to view additional information.) Read the requirements $ 30 Expenses: Salary expense Rent expense Utilities expense 19 24 x More Info Total expenses $ 79 Net income (loss) Requirement 2. Prepare the statement of retained earnings (with a proper heading) for 2018. (Enter all amounts in Burke incurred, during that same year, salary expense of $30 million, rent expense of $19 million, and utilities expense of $24 million. Burke declared and paid dividends of $10 million during the year. At December 31, 2018, Burke had cash of $170 million, accounts receivable of $50 million, property and equipment of $36 million, and other long-term assets of $17 million. At December 31, 2018, the company owed accounts payable of $57 million and had a long-term note payable of $35 million. Burke began 2018 with a balance in retained earnings of $72 million. At December 31, 2018, Burke had total stockholders' equity of $181 million, which consisted of common stock and retained earnings. Burke has a year-end of December 31 Burke Company Statement of Retained Earnings Year Ended December 31, 2018 (millions) 72 Print Done Retained earnings, December 31, 2017 Add: Net income for the period Subtotal Less: Dividends declared Retained earnings, December 31, 2018 10 Choose from any list or enter any number in the input fields and then click Check