Requirement 1. Prepare the come statement with a proper heading) for 2021 (Enteral amounts in milions. If an input field is not used in the income statement leave the field empty: do not select a label or en Nance Company Income Statement More Info Year Ended December 31, 2021 milions) 290 Revenue Revenue Expenses Salary expense Rent pense Us expense Nance incurred during that same year, salary expense of $25 million, rent expense of $15 million, and utilities expense of $23 million Nance declared and paid dividends of 511 million during the year. A December 31, 2021, Nance had cash of $175 million, accounts receivable of 555 million property and equipment of $42 milion, and other long-term assets of $26 million At December 31, 2021, the company owed accounts payable of $57 milion and had a long term note payable of $20 million Nance began 2021 with a balance in retained earings of $74 milion Al December 31, 2021, Nance had total stockholders equity of S212 million, which consisted of common stock and retained camninguNance has a year end of December 31 5 25 15 23 Totale Print Done Not income 235 Requirement 1. Prepare the come statement with a proper heading) for 2021 (Enteral amounts in milions. If an input field is not used in the income statement leave the field empty: do not select a label or en Nance Company Income Statement More Info Year Ended December 31, 2021 milions) 290 Revenue Revenue Expenses Salary expense Rent pense Us expense Nance incurred during that same year, salary expense of $25 million, rent expense of $15 million, and utilities expense of $23 million Nance declared and paid dividends of 511 million during the year. A December 31, 2021, Nance had cash of $175 million, accounts receivable of 555 million property and equipment of $42 milion, and other long-term assets of $26 million At December 31, 2021, the company owed accounts payable of $57 milion and had a long term note payable of $20 million Nance began 2021 with a balance in retained earings of $74 milion Al December 31, 2021, Nance had total stockholders equity of S212 million, which consisted of common stock and retained camninguNance has a year end of December 31 5 25 15 23 Totale Print Done Not income 235