the requirements. uirement 1. Prepare the income statement (with a proper heading) for 2018. (Enter all amounts in millions. If a b select a label or enter a zero.) Ripley Company Income Statement Year Ended December 31, 2018 Revenue: Revenue Expenses: Salary expense Rent expense Utilities expense Total expenses Net income (loss) More Info (millions) 50 - Ripley incurred, during that same year, salary expense of $28 million, rent expense of $21 million, and utilities expense of $18 million. Ripley declared and paid dividends of $19 million during the year. At December 31, 2018, Ripley had cash of $190 million, accounts receivable of $50 million, property and equipment of $32 million, and other long-term assets of $25 million. At December 31, 2018, the company owed accounts payable of $58 million and had a long-term note payable of $31 million. Ripley began 2018 with a balance in retained earnings of $74 million. At December 31, 2018, Ripley had total stockholders' equity of $208 million, which consisted of common stock and retained earnings. Ripley has a year-end of December 31. Print Done Choose from any list or enter any number in the input fields and then click Choal A parts