Question: it says my income is calculated wrong MacDowell Services, Inc., began 2021 with total assets of $250 million and ended 2021 with total assets of
MacDowell Services, Inc., began 2021 with total assets of $250 million and ended 2021 with total assets of $350 million. During 2021, MacDowell Services earned revenues of $400 million and had expenses of $166 million. MacDowell Services declared and paid dividends of $22 million in 2021. Prepare the company's income statement for the year ended December 31,2021 , complete with an appropriate heading. Prepare the income statement. (Enter all amounts in millions. For example, $100 million should be entered into the statement as $100. Enter a net loss with a minus sign or parentheses. If an input field is not used in the financial statement leave the field; do not select a label or enter a zero.)
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