Question: (Learning Objective 4: Preparing an income statement) Call Anywhere Wireless, Inc., began 20X6 with total assets of $130 million and ended 20X6 with assets of

(Learning Objective 4: Preparing an income statement) Call Anywhere Wireless, Inc., began 20X6 with total assets of $130 million and ended 20X6 with assets of $165 million.

During 20X6 Call Anywhere earned revenues of $94 million and had expenses of $23 million.

Call Anywhere paid dividends of $13 million in 20X6. Prepare the company’s income statement for the year ended December 31, 20X6, complete with an appropriate heading.

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