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During 2018, Edwin Company earned revenues of $150 million, (Click the icon to view additional information) Read the requirements Edwin incurred, during that same year,
During 2018, Edwin Company earned revenues of $150 million, (Click the icon to view additional information) Read the requirements Edwin incurred, during that same year, Salary expense of $34 millon, rent expense of $23 million, and utities expense of $16 milion Edwin declared and paid dividends of $16 milion during the year. At December 31, 2018, Edwin had cash of $185 million, accounts receivable of $70 million property and equipment of $35 million, and other long-term assets of $22 milion At December 31, 2018, the company owed accounts payable of $56 million and had a long-term note payable of $26 milion, Edwin began 2018 with a balance in retained carings of $73 milion. Af December 31, 2018, Edwin had total stockholders equity of $230 million, which consisted of common stock and retained oamings Edwin has a year-end of December 31 Requirement 1. Prepare the income statement with a proper heading) for 2018 tabel or enter a zero) Print Done milion Revenue Expenses Nel income as
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