Instructions 1. Determine the amount of retained earnings as of November 1. 2. State the assets, liabilities, and stockholders' equity as of November 1 in equation form similar to that shown in this chapter. In tabular form below the equation, indicate increases and decreases resulting from each transaction and the new balances after each transaction. 3. Prepare an income statement for November, a retained earnings statement for November, and a balance sheet as of November 30. 4. (Optiona) Prepare a statement of cash flows for November