Question: Split Second Wireless, Inc., began 2012 with total assets of $100 million and ended 2012 with assets of $190 million. During 2012, Split Second earned

Split Second Wireless, Inc., began 2012 with total assets of $100 million and ended 2012 with assets of $190 million. During 2012, Split Second earned revenues of $97 million and had expenses of $26 million. Split Second paid dividends of $16 million in 2012. Prepare the company’s income statement for the year ended December 31, 2012, complete with an appropriate heading.

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