* Requirements Prepare the following financial statements (writh proper headings) for 2018: 1. Income statement, 2. Statement of retained earnings, 3. Balance sheet. Print Done Vance incurred, during that same year, salary expense of $28 million, rent expense of $25 million, and utilities expense of $15 million. Vance declared and paid dividends of $14 million during the year. At December 31, 2018, Vance had cash of $140 million, accounts receivable of $65 million, property and equipment of $37 million, and other long-term assets of $27 million. At December 31, 2018, the company owed accounts payable of $57 million and had a long-term note payable of $35 million. Vance began 2018 with a balance in retained earnings of $68 million. At December 31, 2018, Vance had total stockholders' equity of $177 million, which consisted of common stock and retained earnings. Vance has a year-end of December 31. During 2018, Vance Company oamed revenues of $160 milion Click the icon to view additional information) Read the requirements Requirement 1. Prepare the income statement (with a proper heading) for 2018. (Enter all amounts in millions. If a box is not used in the income statement, leave the box empty, do not select a label or enter a zero) (milions) Revenue Expenses Net income (los) Choose from any list or enter any number in the input fields and then click Check