Instructions Foxy Investigative Services is an investigative services firm that is owned and operated by Shirley Vickers. On November 30, 2048, the end of the fiscal year, the accountant for Foxy Investigative Services prepared an end-of-period spreadsheet, a part of which follows: Foxy Investigative Services End-of-Period Spreadsheet For the Year Ended November 30, 2048 - Adjusted Trial Balance Account Title Cash 27,500 Accounts Receivable 71.800 Supplies 3,550 Prepaid Insurance 750 Building 330,500 Check My Work Previk Instructions Accumulated Depreciation-Building - 184,100 Accounts Payable 16,100 Salaries Payable 6,600 Uneamed Rent 1,500 Common Stock 40,000 Retained Earnings 70,300 - Dividends 30,000 Service Fees 675,500 Rent Revenue 9,000 Salaries Expense - 435,000 Rent Expense 55,000 Supplies Expense - 11,850 Depreciation Expense-Building - 10,000 Utilities Expense 8,800 Check My Work omework Chapter 4 Instructions Repairs Expense 4,250 Insurance Expense 3,000 Miscellaneous Expense 11,100 1,003,100 1,003,100 Required: 1. A. Prepare an income statement for the year ended November 30, 2018. 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 titles. B. Prepare a statement of stockholders'equity for the year ended November 30, 2078. Wanet loss is incurred or dividends were paidenter 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 accounts. Refer to the list of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names. C. Prepare a balance sheet as of November 30, 2018. Fored 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 "Less on the balance sheet they will automatically insert where necessary. Refer to the Chart of Accounts for exact wording of accountitles. Refer to the list of Labels and Amount Check My Work Previous Instructions Required: 1. A. Prepare an income statement for the year ended November 30, 2018. If a ner 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 titles. B. Prepare a statement of stockholders' equity for the year ended November 30, 20Y8. If 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. Prepare 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 "Less" on the balance sheet; 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-period spreadsheet, journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles. 3. If 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? If required, use a minus sign to indicate a net loss. heck My Work Previ Instructions Chart of Accounts structions Statement of Stockholders' Equity 18. Prepare a statement of stockholders'equity for the year ended November 30, 20Y8. If 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 Foxy Investigative Services Statement of Stockholders' Equity (Label) Common Stock Retained Earings Total My Work Previous Score: 50% Email Instructor c v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession. & G work Chapter 4 Financial statements and closing entries Instructions Chart of Accounts Balance Sheet statement heading. You will not need to enter colons () or the word "Less" on the balance sheet; 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. Foxy Investigative Services Balance Sheet (Label) Assets 2 (Label) RECUT Depreciar Ponomy Financial statements and closing entries Instructions Chart of Accounts 2 E Balance Sheet Journal 2. Based upon the end-of-period spreadsheet, journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles. JOURNAL ACCOUNTING EQUAT POST. REF. CREDIT DESCRIPTION Closing Entries ASSETS LIABILITIES Check My Work Previous ignment Score: 50%