Jameson Ltd. earned revenues of $42 million during the year and ended it with income of $13 million. During the year, Jameson Ltd. collected $34 million from customers and paid cash for all of its expenses plus an additional $4 million for accounts payable.

Requirement 1. How much were the company's total expenses? Show your work. Ivial cxpenses balance sheet at the end of the year. (Enter amounts in millions as provided to you in the problem statement. Use parentheses or a minus sign for numbers to be subtracted.) The receivables balance will be reported on the in the section under the heading of financial statements for the year. (Enter amounts in millions as provided to you in the problem statement. Use parentheses or a minus sign when subtracting numbers.) The accounts payable balance will be reported on the in the section under the heading of