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erform: Instructions Prepare the companys income statement for the year ended December 31, 2018, complete with an appropriat
1 The Financial Statements 2 Construct an income statement 4 The following data is given for Mackensie Services Corporation f
1 Prepare the companys income statement for the year ended December 31, 2018, complete with an appropriate heading. (Always
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Answer #1
Income Statement
For the year ended December 31, 2018
(in millions)
Revenues $                394
Expenses $                171
Net Income $                223
(in millions)
Net Income $                223
Less Dividends $                  27
Added to Retained Earnings $                196
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