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During 2021, Burke Company earned revenues of $154 million. (i) (Click the icon to view additional information.) Read the roquiroments. Requirement 1. Prepare the income

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During 2021, Burke Company earned revenues of $154 million. (i) (Click the icon to view additional information.) Read the roquiroments. 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 emply; do not select a label or enter a zero.) Burke incurred, during that same year, salary expense of $30 million, rent expense of $18 million, and utilities expense of $25 million. Burke declared and paid dividends of $23 million during the year. At December 31, 2021, Burke had cash of $165 million, accounts receivable of $90 million, property and equipment of $38 million, and other long-term assets of $26 million. At December 31,2021 , the company owed accounts payable of $60 million and had a long-term note payable of $32 million. Burke began 2021 with a balance in retained earnings of $76 million. At December 31,2021 , Burke had total stockholders' equity of $227 million, which consisted of common stock and retained earnings. Burke 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

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