Instructions Foxy Investigative Services End-of-Period Spreadsheet For the Year Ended November 30, 20Y8 Adjusted Trial Balance Account Title Dr. Cr. Cash 28,000 Accounts Receivable 69,400 Supplies 4,500 Prepaid Insurance 2,500 Building 432,000 Accumulated Depreciation-Building 43,400 11,100 Accounts Payable Salaries Payable 3,300 Unearned Rent 1,700 Common Stock 80,000 Retained Earings 293,400 Dividends 11,400 Service Fees 707.150 Instructions Service Fees Rent Revenue Salaries Expense 707,150 1 Rent Expense - Supplies Expense 1 - 522,100 45,600 10,800 11,400 Depreciation Expense-Building - 7,200 Utilities Expense 7,150 Repairs Expense 2,700 Insurance Expense Miscellaneous Expense 2 2,500 5,600 1,151,450 1,151,450 Required: 1. A. Prepare an income statement for the year ended November 30, 2018. B. Prepare a statement of stockholders' equity for the year ended November 30, 2018. C. Prepare a balance sheet as of November 30, 2018. 2. Journalize the entries that were required to close the accounts at November 30, 20Y8. No additional common stock was issued durim ended November 30, 2018. 3. If Retained Earnings had instead decreased $33,000 after the closing entries were posted, and the dividends remained the same, wh have been the amount of net income or net loss? Chart of Accounts CHART OF ACCOUNTS Foxy Investigative Services General Ledger ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 17 Building 18 Accumulated Depreciation-Building LIABILITIES 21 Accounts Payable 22 Salaries Payable 23 Unearned Rent REVENUE 41 Service Fees 42 Rent Revenue EXPENSES 51 Salaries Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense-Building 55 Utilities Expense 56 Repairs Expense 57 Insurance Expense 59 Miscellaneous Expense EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends ha Labels and Amount Descriptions Labels Current assets Current liabilities Expenses For the Year Ended November 30, 2018 November 30, 20Y8 Property, plant, and equipment Revenues Amount Descriptions Balances, December 1, 2017 Balances, November 30, 20Y8 Dividends Net income Net loss Total assets Total current assets Total expenses Total liabilities Total liabilities and stockholders' equity Total property, plant, and equipment Total revenues Total stockholders' equity Lab Income Statement 1 (Label) 2 3 4 5 (Label) 6 7 9 10 10 11 12 13 14 15 Foxy Investigative Services Income Statement. (Label) > Statement of Stockholders' Equity 1B. Prepare a statement of stockholders' equity for the year ended November 30, 20Y8. Statement of Stockholders' Equity Instructions 2 Foxy Investigative Services Statement of Stockholders' Equity (Label) Retained Common Stock Total Earnings Balance Sheet 1 2 (Label) 3 Assets Foxy Investigative Services Balance Sheet (Label) 4 5 6 7 9 10 (Label) 11 12 13 14 (Label) ST 15 16 16 17 18 Liabilities Balance Sheet X 5 9 7 8 (Label) 9 10 11 12 13 15 14 (Label) 15 16 16 17 18 Liabilities A 19 19 20 Stockholders' Equity 10 T 21 22 22 23 25 Journal General Journal Instructions 1 DATE DESCRIPTION Closing Entries JOURNAL PAGE 11 ACCOUNTING EQUATION POST DENT CREDIT ASSETS LIABLITIES EQUITY Final Question 3. If Retained Earnings had instead decreased $33.000 after the closing entries were posted, and the dividends remained the same, what would have been the amount of net income or loss? net Additional Instruction