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Immediate Wireless Inc. began 2020 with total assets of $60 million and ended 2020 with...

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Accounting

Immediate Wireless Inc. began 2020 with total assets of $60 million and ended 2020 with assets of $170 million. During 2020, Immediate earned revenues of $140 million and had expenses of $13 million. Immediate paid dividends of $15 million in 2020. Prepare the company's income statement for the year ended December 31,2020, complete with the appropriate heading.
Complete the heading and then the body of the income statement. (Use parentheses or a minus sign for a net loss.)
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