Question 1, S1-12 (similar\ HW Score:

56.82%,11.36

of\ to)\ 20 points\ Points: 10.36 of 19\ O'Malley Services, Inc., began 2021 with total assets of

$235

million and ended 2021 with total assets of

$375

million. During 2021, O'Malley Services earned revenues of

$391

million and had expenses of

$161

million. O'Malley Services declared and paid dividends of

$29

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.),\ \\\\table[[O'Malley Services, Inc.,],[December 31, 2021,],[Year Ended December 31, 2021,],[(millions),],[,],[Assets,],[,],[,],[Net income (loss),]]\ t pages Get more help\ Check answer

O'Malley Services, Inc., began 2021 with total assets of $235 million and ended 2021 with total assets of $375 million. During 2021, O'Malley Services earned revenues of $391 million and had expenses of $161 million. O'Malley Services declared and paid dividends of $29 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.)