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During 2018, Edwin Company earned revenues of $150 million. Click the icon to view additional information.) Read the reguirements Requirement 1. Prepare the income statement
During 2018, Edwin Company earned revenues of $150 million. Click the icon to view additional information.) Read the reguirements Requirement 1. Prepare the income statement (with a proper heading) for 2018. (Enter all arounts in millions. If a box is not used in the income statement, leave the box empty; do not select a label or enter a zero.) Income Statement Statement of Retained Earnings Balance Sheet More Info (millions) Revenue: Revenue 140 Expenses: Salary expense Edwin incurred, during that same year, salary expense of $34 million, rent expense of $23 million, and utilities expense of $16 million. Edwin declared and paid dividends of $16 million during the year. At December 31, 2018. Ecwin had cash of $185 million, accounts receivable of $70 million, property and equipment of S35 million, and other long-term assets of $22 million. At December 31, 2018, the company owed accounts payable of $56 million and had a long-term note payable of $26 million. Edwin began 2018 with a balance in retained earnings of $73 million. At December 31, 2018, Edwin had total stockholders equity of S230 million, which consisted of common stock and retained earnings. Eowin has a year-end of December 31 Rent expense Utilities expense Print Done Net income (loss)
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