40 Using EDGAR (Electronic Data Gathering, Analysis, and Retrieval system), find the annual report (10-K) for McDonald's for the year ended December 31, 2019. Locate the "Consolidated Statement of Income" (income statement) and "Consolidated Balance Sheets." You may also find the annual report at the company's website. Required: Determine the following from the company's financial statements: 1. Do the company's revenues exceed expenses? What is the amount of net income? 2. Did net income increase in the most recent year compared to the previous year? 3. What amounts are reported for current assets and total assets? 4. Does the company have any long-term liabilities? What amount is reported for current liabilities? 5. By how much did retained earnings increase/decrease in the most recent year compared to the previous year? 6. What is the amount of dividends paid to common stockholders? This information can be found in the statement of shareholders' equity or the statement of cash flows. 7. Does the change in retained earnings equal net income minus dividends? (Enter your answers in millions. Round your answers to 1 decimal place.) 1. Do the company's revenues exceed expenses? What is the amount of net income? 2. Did net income increase in the most recent year compared to the previous year? 3. What amount is reported for current assets? 3. What amount is reported for total assets? 4. Does the company have any long-term liabilities? 4. What amount is reported for current liabilities? 5. By how much did retained earnings increase/decrease in the most recent year compared to the previous year? 6. What is the amount of dividends paid to common stockholders? 7. Does the change in retained earnings equal net income minus dividends? millions millions millions millions millions millions