enues of $33 million during 2020 and ended the year with net income of $7 million. During 2020, Jameson Ltd. collected S for all of its expenses plus an additional $10 million for amounts payable. Answer these questions about Jameson's opera during 2020: Requirements 1. How much were the company's total expenses? Show your work. 2. Identify all the items that Jameson will report on its 2020 income statement. Show each amount. 3. Jameson began 2020 with receivables of $12 million. All sales were on account. What was the company's receivables balance at the end of 2020? Identify the appropriate financial statement, and show how Jameson will report ending receivables in the 2020 annual report. 4. Jameson began 2020 owing accounts payable totalling $12 million. How much in accounts payable did the company owe at the end of the year? Identify the appropriate financial statement, and show how Jameson will report these accounts payable in its 2020 annual report. Print Done enter any number in the input fields and then click Check Answer X be