Foxy Investigative Services is an investigative services from that is owned and operated by Shirley Vickers On November 30, 208, the end of the fiscal year, the accountant for Fairy Investigative Services prepared an end-of-period spreadsheet, a part of which follows: Foxy trivestigative Services End-of-Period Spreadsheet For the Year Ended November 30, 20Y8 Adjusted Trial Balance Dr. CI Account Title Cash 27.500 Accounts Receivable 71,800 3,550 Supplies . 750 Prepaid Insurance 330,500 Building Accumulated Depreciation Building - 184,100 10.100 Accounts Payable 6.600 Salarios Payable Instructions 2 Unearned Rent 1,500 Common Stock - 40,000 Retained Earnings 2 70,300 Dividends 2 30,000 Service Fees 1 675,500 2 Rent Revenue 9,000 Salaries Expense 435,000 Rent Expense 55,000 Supplies Expense 11,850 Depreciation Expense-Building 10,000 8,800 Utilities Expense Repairs Expense 4,250 Insurance Expense 3,000 Miscellaneous Expense 11,100 2 1,003,100 1,003,100 Required: 1. A. Prepare an income statement for the year ended November 30, 20Y8. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons () on the income statement. Refer to the Chart of Accounts for exact wording of account billes. B. Prepare a statement of stockholders' equity for the year ended November 30, 208, W a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the Chart of Accounts for exact wording of account titles. Refer to the lists of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names. C. Propare a balance sheet as of November 30, 20Y8, Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. You will not need to enter colons () or the word "Loss" on the balance shoot; they will automatically insert where necessary. Refer to the Chart of Accounts for exact wording of account titles. Refer to the lists of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 2. Based upon the end-of-perlod spreadsheet, journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles. 3. W Retained Earnings had instead decreased $46,000 after the closing entries were posted, and the dividends remained the same, what would have been the amount of net income or net loss? It required, use a minus sign to indicate a net loss. the income statement. Refer to the Chart of Accounts for exact wording of account titles. Foxy Investigative Services Income Statement (Label) 1 (Label) 2 2 3 4 5 (Label) 7 8 9 10 11 12 13 Statement of Stockholders' Equity 18. Prepare a statement of stockholders' equity for the year evided November 30, 2078. I a not loss is incurred or dividends were paid, enter that amount as an minus sign. Be sure to complete the statement heading. Refer to the Chart of Accounts for exact wording of account titlos. Fefer to the lists of Labels and Amour wording of the answer choices for text entries other than account names. Foxy Investigative Services Statement of Stockholders' Equity Label Common Stock Retained Earnings Total 2 3 4 $