Instructions Foxy Investigative Services is an investigative services firm that is owned and operated by Shirley Vickers. On November 30, 2018, the end of the fiscal year, the accountant for Foxy Investigative Services End-of-Period Spreadsheet For the Year Ended November 30, 2018 1. A. Prepare an income statement for the year ended November 30, 2018. Adjusted Trial Balance 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 retained earnings statement for the year ended November 30, 2018 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 Use the list of Labels and Amount Descriptions for the correct wording of text items. 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, 2018. Fixed assets must be entered in order according Account Title Dr. Cr. Accounts Receivable 68.400 4,400 Prepaid Insurance Building 42,400to account number. Be sure to 1,400 3.800 where necessary. Refer to the Chart of Accounts for exact wording of account titles. Refer to the lists of 2500 exact wording of the answer choices for text entries other than account names. For those boxes in 80,000 negative numbers use a minus sign. 293,600 Accounts for exact wording of account titles. complete the statement heading. You will not need to enter colons (:) or the word "Less" on the balance sheet; they will automatically insert Accounts Payable Salaries Payable Unearned Rent Common Stock Labels and Amount Descriptions for which you must enter subtracted or 2. Based upon the end-of-period spreadsheet, journalize the closing entries. Refer to the Chart of Retained Earnings Dividends Service Fees Rent Revenue 3. If Retained Earnings had instead decreased $36,000 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. 11,700 Salaries Expense 524,000 Rent E Supplies Expense Depreciation Expense-Building Repairs Expense Insurance Expense Miscellaneous Expense -7,950 -3,500 2,500 -1,158,250 1,158,250