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Puing 2018, Anton Company earned revenues of $156 milion Click the icon to view additional information.) Read the requirements Requirement 1. Prepare the income statement
Puing 2018, Anton Company earned revenues of $156 milion Click the icon to view additional information.) Read the requirements Requirement 1. Prepare the income statement (with a proper heading) for 2018. (Enter all amounts in millions. If a box is not used in the income statement, leave the box empty, do not select a label or entera zero.) Anton Company Income Statement Year Ended December 31, 2018 millions) Anton incurred, during that same year, salary expense of $27 million, rent expense of $18 million, and utilities expense of $25 million. Anton declared and paid dividends of $18 million during the year. At December 31, 2018, Anton had cash of $170 million, accounts receivable of $75 million, property and equipment of $39 million, and other long-term assets of $23 million. At December 31, 2018, the company owed accounts payable of $60 million and had a long-term note payable of $33 million. Anton began 2018 with a balance in retained earnings of $68 million. At December 31, 2018, Anton had total stockholders' equity of $214 million, which consisted of common stock and retained earnings. Anton has a year-end of December 31 Revenue Revenue 7 Expenses Salary expense Choose from any list or enter any number in the input fields and then click Check Answer During 2018, Anton Company earned revenues of $156 million. (Click the icon to view additional information.) Read the requirements. (millions) Revenue: Revenue Expenses: Salary expense Rent expense Utilities expense Total expenses Net income (loss) Prepare the following financial statements (with proper headings) for 2018: 1. Income statement, 2. Statement of retained earnings, 3. Balance sheet. Choose from any list or enter any number in the input fields and then click Check
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