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E4-2 (Algo) Identifying Adjustments and Preparing Financial Statements from a Trial Balance [LO 4-1, LO 4-4] [The following information applies to the questions displayed below.]

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E4-2 (Algo) Identifying Adjustments and Preparing Financial Statements from a Trial Balance [LO 4-1, LO 4-4] [The following information applies to the questions displayed below.] Speedy Ship reported its balance sheet at May 31, 2019. Assume the following alphabetically listed accounts were included in its trial balance immediately prior to preparing the financial statements. Required: 3-a. Prepare an income statement for the year ended May 31, 2019. 3-b. Prepare a statement of retained earnings for the year ended May 31, 2019. 3-c. Prepare a classified balance sheet at May 31, 2019. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year ended May 31, 2019. (Enter your answers in millions, not in whole dollars.) 3-a. Prepare an income statement for the year ended May 31, 2019. 3-b. Prepare a statement of retained earnings for the year ended May 31, 2019. 3-c. Prepare a classified balance sheet at May 31, 2019. Complete this question by entering your answers in the tabs below. Prepare a statement of retained eamings for the year ended May 31, 2019. (Enter your answers in millions, not in whole dollars.) Prepare a classifled balance sheet at May 31,2019 . (Enter your answers in millions, not in whole dollars. Amounta to be deducted should be Indicated by a minus sign.)

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