Jameson Ltd. eamed revenues of $33 million during 2020 and ended the year with net income of $7 million. During 2020, Jameson Ltd. collected $31 million from customers and paid cash for all of its expenses plus an additional $10 million for amounts payable. Answer these questions about Jameson's operating results, financial position, and cash flows during 2020 Requirements Requirement 1. How much were the company's total expenses? Show your work (Use parentheses or a minus sign when subtracting numbers.) Calculate Jameson's total expenses for 2020 In milions Total Expenses Requirement 2. Identify all the items that Jameson will report on its 2020 income statement. Show each amount. (Use parentheses or a minus sign when subtracting numbers.) In millions Requirement 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? Ideenly the appropriate financial statement, and show how Jameson will report ending receivables in the 2020 annual report. (Use parentheses or a minus sign when subtracting numbers. In millions Ending Receivables The receivables balance will be reported on the in the section under the heading of Requirement 4, Jameson began 2020 owing accounts payable of $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 Rs 2000 annual report. Use oarentheses or a minus sinn when subtractine numbers) Requirement 2. Identify all the items that Jameson will report on its 2020 income statement. Show each amount. (Use parentheses or a minus sign when subtracting numbers.) In millions Requirement 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. (Use parentheses or a minus sign when subtracting numbers] In millions Ending Receivables The receivables balance will be reported on the in the section under the heading of Requirement 4. Jameson began 2020 owing accounts payable of $12 milion. 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. (Use parentheses or a minus sign when subtracting numbers.) In millions Ending Accounts Payable The accounts payable balance will be reported on the in the section under the beading of