Requirement 2. Prepare the statement of retained earnings (with a proper heading) for 2018. (Enter all amounts in millions. Include a subtotal after the "Add" line of the statement.) - x i More Info (millions) Add: Ripley incurred, during that same year, salary expense of $25 million, rent expense of $24 million, and utilities expense of $17 million. Ripley declared and paid dividends of $18 million during the year. At December 31, 2018, Ripley had cash of $150 million, accounts receivable of $45 million, property and equipment of $38 million, and other long-term assets of $20 million. At December 31, 2018, the company owed accounts payable of $62 million and had a long-term note payable of $32 million. Ripley began 2018 with a balance in retained earnings of $75 million. At December 31, 2018, Ripley had total stockholders' equity of $159 million, which consisted of common stock and retained earnings. Ripley has a year-end of December 31. Subtotal Less: Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Requirement 2. Prepare the statement of retained earnings (with a proper heading) for 2018. (Enter all amounts in millions. Include a subtotal after the "Add" line of the statement.) - x i More Info (millions) Add: Ripley incurred, during that same year, salary expense of $25 million, rent expense of $24 million, and utilities expense of $17 million. Ripley declared and paid dividends of $18 million during the year. At December 31, 2018, Ripley had cash of $150 million, accounts receivable of $45 million, property and equipment of $38 million, and other long-term assets of $20 million. At December 31, 2018, the company owed accounts payable of $62 million and had a long-term note payable of $32 million. Ripley began 2018 with a balance in retained earnings of $75 million. At December 31, 2018, Ripley had total stockholders' equity of $159 million, which consisted of common stock and retained earnings. Ripley has a year-end of December 31. Subtotal Less: Print Done Choose from any list or enter any number in the input fields and then click Check