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During 2021, Anton Company earned revenues of $160 million. (Click the icon to view additional information.) Read the requirements. Requirement 1. Prepare the income statement
During 2021, Anton Company earned revenues of $160 million. (Click the icon to view additional information.) Read the requirements. Requirement 1. Prepare the income statement (with a proper heading) for 2021. (Enter all amounts in millions. If an input field is not used in the income statement, leave the field empty; do not select a label or enter a zero.) (millions) Revenue: Expenses: TI Net income (loss) CO More Info Anton incurred, during that same year, salary expense of $25 million, rent expense of $16 million, and utilities expense of $20 million. Anton declared and paid dividends of $14 million during the year. At December 31, 2021, Anton had cash of $170 million, accounts receivable of $85 million, property and equipment of $32 million, and other long-term assets of $25 million. At December 31, 2021, the company owed accounts payable of $62 million and had a long-term note payable of $28 million. Anton began 2021 with a balance in retained earnings of $68 million. At December 31, 2021, Anton had total stockholders' equity of $222 million, which consisted of common stock and retained earnings. Anton has a year-end of December 31. Print Done Requirements Prepare the following financial statements (with proper headings) for 2021: 1. Income statement, 2. Statement of retained earnings, 3. Balance sheet. Print Done
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