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Below are the account balances (all normal) for Best Buy, Co., Inc., as of February 1, 2020 after adjusting journal entries but before closing entries.

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Below are the account balances (all normal) for Best Buy, Co., Inc., as of February 1, 2020 after adjusting journal entries but before closing entries. The accounts are listed in alphabetical order. All amounts are in millions of U.S. dollars. The company's fiscal year ends on Saturday nearest the end of January each calendar year. Fiscal year 2020 ended on February 1, 2020, and fiscal year 2019 ended on February 2, 2019. There was no new Investment by stockholders during fiscal 2020 (Hint: read this as no change in Common Stock). 5,288 1,149 6,900 2,229 26 33,590 674 740 536 Accounts payable Accounts receivable Accumulated depreciation Cash Common stock Cost of sales Current portion of long-term debt Depreciation expense Dividends General and administrative expenses Goodwill and other long-term assets Income tax expense Interest expense Interest revenue Long-term debt Merchandise inventories Other current assets Other long-term liabilities Property and equipment Retained earnings Sales revenue Unearned revenue Wages payable 7.299 4,406 452 64 48 1.257 5.174 305 2,795 9,228 2,448 43,638 782 1,316 Required: Prepare the following for fiscal 2020 for Best Buy: a) Income Statement - single step format (7.5 points) b) Statement of Stockholders' Equity (4 points) c) Classified Balance Sheet (15.5 points) d) Closing journal entries and short questions (9.5 points) Part (d): Prepare Best Buy's fiscal 2020 closing journal entries. Your journal entries should be in proper journal entry form fi.e., entries, rather than Taccounts). There are more rows than you need. Also answer three short questions below by providing the amount and its meaning where appropriate (9.5 points). Account Titles Debit Credit Short questions: 1. What were the net earnings reported on Best Buy's fiscal 2020 income statement? 2. What is the Retained Earnings balance shown on Best Buy's February 1, 2020 balance sheet? 3. How much did Best Buy pay to stockholders during the fiscal year ended February 1, 2020

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