Requirement 2. Prepare the statement of retained earnings (with a proper heading) for 2021 Victor Company Statement of Retained Earnings Year Ended December 31, 2021 (millions Retained earings, December 31, 2020 Add: Net income for the period Subtotal Less: Dividends declared Retained earnings, December 31, 2021 Victor Company Income Statement Year Ended December 31, 2021 (millions) Revenue Revenue $ 160 Expenses: Salary expense Rent expense $ 32 16 Utilities expense 18 Total expenses 66 Net income (loss) $ 94 Victor incurred during that same year, salary expense of $32 million, rent expense of $16 million, and utilities expense of $18 million. Victor declared and paid dividends of $17 million during the year. At December 31, 2021. Victor had cash of $155 million, accounts receivable of $85 million, property and equipment of $42 million, and other long-term assets of $26 million At December 31, 2021, the company owed accounts payable of $63 million and had a long-term note payable of $34 million. Victor began 2021 with a balance in retained earnings of $68 million. At December 31, 2021. Victor had total stockholders' equity of S211 million which consisted of common stock and retained earnings. Victor has a year-end of December 31