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Reliable Services, Inc., began 2021 with total assets of $240 million and ended 2021 with total assets of $350 million. During 2021, Reliable Services earned
Reliable Services, Inc., began 2021 with total assets of $240 million and ended 2021 with total assets of $350 million. During 2021, Reliable Services earned revenues of $390 million and had expenses of $167 million. Reliable Services declared and paid dividends of $21 million in 2021. Prepare the company's income statement for the year ended December 31, 2021, complete with an appropriate heading. Prepare the income statement. (Enter all amounts in millions. For example, $100 million should be entered into the statement as $100. Enter a net loss with a minus sign or parentheses. If an input field is not used in the financial statement leave the field; do not select a label or enter a zero.) (millions) Net income (loss) $ Reliable Services, Inc. Adjusted Trial Balance Balance Sheet Income Statement Statement of Cash Flows Statement of Retained Earnings December 31, 2021 Year Ended December 31, 2021 Assets Dividends Expenses Liabilities Revenues (millions)
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