Amounts of the assets and liabilities of Jill Carlson Banking Company, as of May 31, 2012, are 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 Jill Carlson Banking Company at May 31, 2012. Use the accounting equation to compute ending retainedearnings.

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34.7 Investment assets Total revenue Receivables Current liabilities Common stock Interest expense Salary and other employee expenses.... Long-term liabilities... S169.5 1.2 6.6 14.8 Retained earnings, beginning8.7 0.8 Property and equipment, ne. 152.6 Other expenses 0.7 Retained earnings, ending 17.3 Cash 2.3 14.6 2.7 Other assets..