Subtotal 150 Less Dividends declared (11) Retained earnings, December 31, 2018 $ 139 Requirement 3. Prepare the balance sheet (with a proper heading) for 2018 (Enter all amounts in millions. Classify the balance sheet by selecting the proper title on all applicable subtotal Section of the balance sheet Classify the balance sheet by selecting the proper title on all applicable subtotalor total lines. If a box is not used in the table leave the box amply, do not selec Victor Company Balance Sheet December 31, 2018 Assets (millons) Current assets More info - X Cash $ 145 Accounts receivable 50 37 Victor incurred during that same year salary expense of $30 million, rent expense of $22 milion, and utilities expense of S21 million Victor declared and paid dividends of $11 million during the year. At 232 December 31, 2018, Victor had cash of $145 million, accounts receivable of $50 million, property and equipment of $37 million, and other long-term assets of 524 million At December 31, 2018, the company owed accounts payable of $65 million and had a long-term note payable of $25 million Victor began 2018 with a balance in retained earnings of 569 milion At December 31, 2018. Victor had total stockholders' 65 equity of $166 million, which consisted of common stock and retained earnings Victor has a year-end of 25 December 31 90 232 Print Total assets Done Choose from any list or enter any number in the input fields and then click Check Answer %E1-31A (similar to) During 2018 Victor Company eamed revenues of $154 million (Click the icon to view additional information.) Read the cequirements Year Ended December 31, 2018 (millions) 69 81 150 (11) 139 - Accounts payable Accounts receivable Cash Common stock Dividends Long-term note payable Net income Other long-term assets Property and equipment Rent expense Retained earnings, December 31, 2017 Retained earnings, December 31, 2018 Revenue Salary expense Total expenses Utilities expense vith a proper heading) for 2018. (Enter all amounts in millions. Classify nce sheet by selecting the proper title on all applicable subtotal or total Victor Company Balance Sheet December 31, 2018 millions) * More Info 145 50 37 232 Victor incurred during that same year, salary e utilities expense of $21 million. Victor declared December 31, 2018, Victor had cash of $145 mi equipment of $37 million, and other long-term as owed accounts payable of $65 million and had a with a balance in retained earnings of $69 million equity of $166 million, which consisted of commo December 31 65 25 90 Total assets 232 Prin Choose from any list or enter any number in the input fields and then click Check Answer 1 part remaining Type here to search C During 2018, Victor Company earned revenues of $154 milion (Click the icon to view additional information) Read the requirements Year Ended December 31, 2018 (milions) Retained earnings, December 31, 2017 Add Net Income for the period Subtotal Less Dividends declared Retained earrings, December 31, 2018 139 Requirement 3. Prepare the balance sheet with a proper heading) for 2018. (Enter all amounts in milion Classify the balance sheet by selecting the proper title on all applicable subtotal lines in the fine per complete section of the balance sheet Classily the balance sheet by selecting the proper title on all applicable subtotale totales a box is not used in the table leave the box amply do not select a label or enter a ro) Victor Company Balance Sheet December 31, 2018 Assets millions) Current assets * More Info Cash Accounts receivable 232 Victor incurred during that same year, salary expense of $30 milion expense of $22 million, and utilities expense of 521 milion Victor declared and paid dividends of $11 million during the year. Al December 31, 2018. Victor had cash of $145 million, accounts receivable of $50 million property and equipment of 537 milion and other long form assets of S24 million Al December 31, 2018, the company owed accounts payable of S65 million and had a long-term note payable of $25 million Victor began 2018 with a balance in retained earnings of 569 million Al December 31, 2018, Victor had total stockholders equity of $16 milion, which consisted of common stock and retained earnings Victor has a year-end of December 31 65 25 Total current assets Total current labios Total liabilities Total stockholders equity 90 232 Print Done Choose from any it or enter any number in the input fields and then click Check
