, Inc. (LG 5) Nike is one of the largest sports Preparing financial statements for Nike footwear and apparel companies in the world. Nike ends its financial reporting year on May 31. Selected information (in millions) for the year ended May 31, 2009. PI-21. 0 CHAPTER 1 Cash Expenses Accounts payable Dividends Other current liabilities Revenues Other current assets Noncurrent assets Long-term liabilities $2,291 17,689 3,245 619 32 19,176 4,287 3,516 1,280 3,156 7,825 Accounts receivable Owners' equity (June 1, 2008) REQUIRED Prepare the following financial statements: a. Income statement for the year ended May 31, 2009 b. Statement of owners' equity for the year ended May 31, 2009. c. Balance sheet at May 31, 2009