Instructions Complete the financial statements. a. Enter all amounts in millions. For example, an amount of $1.2 million should be entered as 1.2, not 1,200,000. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong.) 1 The Financial Statements 2. Construct an income statement, statement of retained earnings, and balance sheet The partially completed financial statements (income statement, statement of retained earnings, and 4 balance sheet) are provided for Shaker Corporation (all amounts in millions). 6 Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you 7 copy/paste from the Instructions tab you will be marked wrong. 8 9 Requirement 10 Complete the financial statements. Enter all amounts in millions. For example, an amount of $1.2 million should be entered as 1.2, not 1,200,000. Complete the financial statements. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked 2 wrong.) m Shaker Corporation Income Statement for Year Ended December 31, 2018 7 Net sales 183 8 Expenses 101 9 Net income 74 11 Shaker Corporation 12 Statement of Retained Earnings 13 for Year Ended December 31, 2018 14 Beginning retained earnings $ 15 Net income 16 Cash dividends declared 17 Ending retained earnings 18 19 Shaker Corporation 20 Balance Sheet December 31, 2018 22 Assets 23 Cash 24 All other assets 25 Total assets 26 Liabilities 27 Total liabilities 28 Stockholders' equity Common stock Retained earnings 31 Total stockholders' equity Total liabilities and 32 stockholders' equity 33 48 29 Com