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Requirement 1. Prepare the income statement (with a proper heading) for 2021. (Enter all amoun (millions) Revenue Expenses Net income (loss) Requirement 2. Prepare the
Requirement 1. Prepare the income statement (with a proper heading) for 2021. (Enter all amoun (millions) Revenue Expenses Net income (loss) Requirement 2. Prepare the statement of retained earnings (with a proper heading) for 2021. (E (millions) Add: Subtotal Less: Requirement 3. Prepare the balance sheet (with a proper heading) for 2021. (Enter all amounts in millions. Classify the balance sheet by select section of the balance sheet. In the second part complete the liabilities and stockholders' equity section of the balance sheet. Classify the balanc field is not used in the table leave the field empty, do not select a label or enter a zero.) Assets (millions) Liabilities (in millions) Current assets: Current liabilities: Stockholders' equity Current assets: Current liabilities: Stockholders' equity 11 Total assets Total liabilities and stockholders' equity - More Info Anton incurred, during that same year, salary expense of $35 million, rent expense of $16 million, and utilities expense of $21 million. Anton declared and paid dividends of $19 million during the year. At December 31, 2021, Anton had cash of $190 million, accounts receivable of $80 million, property and equipment of $36 million, and other long-term assets of $26 million. At December 31, 2021, the company owed accounts payable of $57 million and had a long-term note payable of $30 million. Anton began 2021 with a balance in retained earnings of $69 million. At December 31, 2021, Anton had total stockholders' equity of $245 million, which consisted of common stock and retained earnings. Anton has a year-end of December 31. Requirement 1. Prepare the income statement (with a proper heading) for 2021. (Enter all amoun (millions) Revenue Expenses Net income (loss) Requirement 2. Prepare the statement of retained earnings (with a proper heading) for 2021. (E (millions) Add: Subtotal Less: Requirement 3. Prepare the balance sheet (with a proper heading) for 2021. (Enter all amounts in millions. Classify the balance sheet by select section of the balance sheet. In the second part complete the liabilities and stockholders' equity section of the balance sheet. Classify the balanc field is not used in the table leave the field empty, do not select a label or enter a zero.) Assets (millions) Liabilities (in millions) Current assets: Current liabilities: Stockholders' equity Current assets: Current liabilities: Stockholders' equity 11 Total assets Total liabilities and stockholders' equity - More Info Anton incurred, during that same year, salary expense of $35 million, rent expense of $16 million, and utilities expense of $21 million. Anton declared and paid dividends of $19 million during the year. At December 31, 2021, Anton had cash of $190 million, accounts receivable of $80 million, property and equipment of $36 million, and other long-term assets of $26 million. At December 31, 2021, the company owed accounts payable of $57 million and had a long-term note payable of $30 million. Anton began 2021 with a balance in retained earnings of $69 million. At December 31, 2021, Anton had total stockholders' equity of $245 million, which consisted of common stock and retained earnings. Anton has a year-end of December 31
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