Following are partially completed financial statements (income statement, statement of retained earnings, and balance sheet) for Masterton Corporation. Complete the financial statements. All amounts are in millions.

Transcribed Image Text:

A1 Masterton Corporation Income Statement for Year Ended December 31, 2016 184 103 3 Expenses Net income A1 Masterton Corporation Statement of Retained Earnings for Year Ended December 31, 2016 2 Beginning retained earnings 3 Net income 4 Cash dividends declared 67 Ending retained earnings A1 Masterton Corporation Balance Sheet December 31, 2016 2 Assets 3 Cash 4 All other assets 5 Total assets 6 Liabilities 7 Total liabilities 8 Stockholders' equity 9 Common stock 10 Retained earnings 11 Total stockholders' equity 12 Total liabilities and stockholders' equity 13 S112 40 25