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Retained earnings, December 31, 2021 $ 127 Requirement 3. Prepare the balance sheet (with a proper balance sheet. In the second part complete the liabilities
Retained earnings, December 31, 2021 $ 127 Requirement 3. Prepare the balance sheet (with a proper balance sheet. In the second part complete the liabilities ar leave the field empty; do not select a label or enter a zero.) More Info X l lines. In the first part complete the assets section of the total or total lines. If an input field is not used in the table Rip BE Deco Ripley incurred, during that same year, salary expense of $33 million, rent expense of $22 million, and utilities expense of $24 million. Ripley declared and paid dividends of $20 million during the year. At December 31, 2021, Ripley had cash of $170 million, accounts receivable of $85 million, property and equipment of $37 million, and other long-term assets of $21 million. At December 31, 2021, the company owed accounts payable of $63 million and had a long-term note payable of $34 million. Ripley began 2021 with a balance in retained earnings of $70 million. At December 31, 2021, Ripley had total stockholders' equity of $216 million, which consisted of common stock and retained earnings. Ripley has a year-end of December 31. Assets (millions) Current assets: Accounts receivable Print Done Total assets
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