Points: $0$ of $9$

During $2021,$ Burke Company eamed revenues of $$146$ million.

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Requirement $1.$ Prepare the income statement $($with a proper heading$)$ for $2021.($Enter all amounts in millions. If an input field is not used in the income statement, leave the field empty; do not select a label or enter a zero.$)$

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$($millions$)$

Revenue:

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Expenses:

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$1$

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$q,$

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Net income $($loss$)$

More info

Burke incurred, during that same year, salary expense of $$31$ million, rent expense of $$25$ million, and utilities expense of $$24$ million. Burke declared and paid dividends of $$20$ million during the year. At December $31,2021,$ Burke had cash of $$140$ million, accounts receivable of $$75$ million, property and equipment of $$33$ million, and other long$-$term assets of $$20$ million. At December $31,2021,$ the company owed accounts payable of $$65$ million and had a long$-$term note payable of $$27$ million. Burke began $2021$ with a balance in retained earnings of $$70$ million. At December $31,2021,$ Burke had total stockholders' equity of $$176$ million, which consisted of common stock and retained earnings. Burke has a year$-$end of December $31.$