services, inc., began 2018 with total assets of $220 million and ended 2018 with total assets of $375 million. during 20182018, mckaymckay services earned revenues of $ 400$400 million and had expenses of $161 million. mckay services declared and paid dividends of $21 million in 2018. prepare the company's income statement for the year ended december 31, 2018, complete with an appropriate heading.

Explanation:

                                                  Service, Inc  

                                            Income statement

                       For the year ended December 31, 2018

Particulars                Amount

Revenues

Service revenues      $400 million

Less: Expenses

Expenses                  -$161 million

Net income               $239 million

The income statement recognized only the total revenues earned and the total expenses incurred for a particular period.

answer: r

explanation:

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