i need help with the liability section
During 2018, McCal Company earned revenues of $146 million Click the icon to view additional information) Read the requirements Requirement 1. Prepare the income statement (with a proper heading) for 2018. (Enter all amounts in millions. If a box is not used in the income statement, leave the box empty, do not select a label on McCall Company Income Statement Year Ended December 31, 2018 milions Raven Revenge 146 Expenses Salary expense Rent expense Utilities expense 30 20 Total expenses Not income foss) Requirement 2. Prepare the statement of retained earnings with a proper heading) for 2018. (Enteral mounts in ons noude suro a the "Ascine of the statement.) McCall Company Statement of Retained Earnings Year Ended December 31, 2018 Retained earnings, December 31, 2017 $ 77 Add: Net Income for the period 149 Loss Dividends declared 13 Retained eaming, December 31, 2018 Requirement 3. Prepare the balance sheet with a proper heading for 2018. (Ertalamus in or Clasly the sheet by selecting the propertie on aplicable to lines in the first ones. If a box is not used in the table leave the box emply do not selectabelrontera ) cal company Balance Sheet December 31, 2018 Assets Current assets Cash Accounts receive Currentes Accounts payable 35 Total currentes Total 205 Stocks Total current Property and emert Other long lemas Totalets 5 Totales and stock hedersey Choose from any list or enter any number in the input folds and then click Check Answer All parts showing McCall incurred, during that same year, salary expense of $30 million, rent expense of $24 million, and utilities expense of $20 million. McCall declared and paid dividends of $13 million during the year. At December 31, 2018, McCall had cash of $180 million, accounts receivable of $85 million, property and equipment of $36 million, and other long-term assets of $19 million. At December 31, 2018, the company owed accounts payable of $64 million and had a long-term note payable of $28 million. McCall began 2018 with a balance in retained earnings of $77 million. At December 31, 2018, McCall had total stockholders' equity of $228 million, which consisted of common stock and retained earnings. McCall has a year-end of December 31