The following are the assets and liabilities of Jill Carlson Realty Company, as of January 31, 2018. Also included are revenue, expense, and selected stockholders’ equity figures for the year ended on that date (amounts in millions):

Requirement
1. Construct the balance sheet of Jill Carlson Realty Company at January 31, 2018. Use the accounting equation to compute ending retained earnings.

Transcribed Image Text:

Investment assets (long-term).. Property and equipment, net. Other expenses.. Retained earnings, beginning.. Retained earnings, ending . Cash.. Other assets (long-term). $ 79.4 Total revenue $ 25.7 0.5 2.9 39.2 Receivables... Current liabilities Common stock. Interest expense. Salary and other employee expenses.. Long-term liabilities 1.6 7.6 2.6 1.5 13.7 57.2 9.3 102.6