More info Victor incurred, during that same year, salary expense of $31 million, rent expense of $18 million, and utilities expense of $24 million. Victor declared and paid dividends of $19 million during the year. At December 31, 2021, Victor had cash of $150 million, accounts receivable of $55 million, property and equipment of $33 million, and other long-term assets of $21 million. At December 31, 2021, the company owed accounts payable of $57 million and had a long-term note payable of $33 million. Victor began 2021 with a balance in retained earnings of $74 million. At December 31, 2021, Victor had total stockholders' equity of $169 million, which consisted of common stock and retained earnings. Victor has a year-end of December 31. Print Done Requirements Prepare the following financial statements (with proper headings) for 2021: 1. Income statement, 2. Statement of retained earnings, 3. Balance sheet. Print Done - X -