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MacDowell Services, Inc., began 2021 with total assets of $200 million and ended 2021 with total assets of $335 million. During 2021, MacDowell Services earned
MacDowell Services, Inc., began 2021 with total assets of $200 million and ended 2021 with total assets of $335 million. During 2021, MacDowell Services earned revenues of $396 million and had expenses of $162 million. MacDowell Services declared and paid dividends of $23 million in 2021. Prepare the company's income statement for the year ended December 31, 2021, complete with an appropriate heading. Prepare the income statement. (Enter all amounts in millions. For example, $100 million should be entered into the statement as $100. Enter a net loss with a minus sign or parentheses. If an input field is not used in the financial statement leave the field; do not select a label or enter a zero.) MacDowell Services, Inc. Income Statement Year Ended December 31, 2021 (millions) Revenues Expenses Dividends Net income (loss)
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