E1-21A. (Learning Objectives 3, 4: Using the accounting equation; preparing a Balance Sheet) Amounts of the assets and liabilities of Angelababy Company, as of January 31, 20X6, are given as follows. The revenue and expense figures for the year ended on that date (amounts in millions) are also included:

Requirement 1. Prepare the Balance Sheet of Angelababy Company at January 31, 20X6. Use the accounting equation to compute ending retained earnings.

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Total revenue.... Receivables... $38.8 0.8 Current liabilities 2.0 Share capital........ 14.3 Investments Property and equipment, net.. Other expenses... Retained earnings, beginning...... Interest expense..... 0.7 Retained earnings, ending. Salary and other employee expenses..... 17.5 Cash............ Long-term liabilitics. 3.0 Other assets... $15.0 16.6 6.7 8.2 2 2.5 5.0