Requirement 1. Prepare the income statement (with a proper heading) for 2018. (Enter (millions) Revenue: Expenses: Net income (loss) Ripley incurred during that same year, salary expense of $33 million, rent expense of $18 million, and utilities expense of $15 million. Ripley declared and paid dividends of $20 million during the year. At December 31, 2018, Ripley had cash of $145 million, accounts receivable 91 $75 million, property and equipment of $36 million, and other long-term assets of $21 million. At December 31, 2018, the company owed accounts payable of S62 million and had a long-term note payable of $27 million. Ripley began 2018 with a balance in retained earnings of $68 million. At December 31, 2018, Ripley had total stockholders' equity of $188 million, which consisted of common stock and retained earnings. Ripley has a year-end of December 31