Amounts of the assets and liabilities of Ellen Samuel Banking Company, as of January 31, 2010, are given as follows. Also included are revenue and expense figures for the year ended on that date (amounts in millions):

Requirement
1. Prepare the balance sheet of Ellen Samuel Banking Company at January 31, 2010. Use the accounting equation to compute ending retainedearnings.

Transcribed Image Text:

Total revenue $ 37.8 stment assets $169.6 1.9 6.9 8.6 0.9 Property and equipment, net.. Current liabilities Other expenses Retained earnings, ending Other as 14 Interest e Salary and other employee expenses17.7 Long-term liabilities.. 0.8 Cash 2.1 14.4 2.8