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Kim Shipping reported its balance sheet at May 31, 2019. Assume the following alphabetically listed accounts were included in its trial balance immediately prior to

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Kim Shipping reported its balance sheet at May 31, 2019. Assume the following alphabetically listed accounts were included in its trial balance immediately prior to preparing the financial statements. Kim Shipping Adjusted Trial Balance At May 31, 2019 (millions of dollars) Debit Credit $ 3,600 $ 5,700 20,300 5,600 3,400 3,100 240 39,500 4,500 1,250 1,250 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Depreciation Expense Dividends Equipment Goodwill Income Tax Expense Income Tax Payable Interest Expense Interest Receivable Interest Revenue Notes Payable (long-term) Notes Payable (short-term) Office Expenses Prepaid Rent Rent Expense Repairs and Maintenance Expense Retained Earnings Salaries and Wages Expenso Salaries and Wages Payable Service Revenue Supplies Transportation Expense 170 80 90 8,400 650 7.610 1,200 3,200 2,600 16,680 17,300 2,400 48,400 520 12,600 $ 105,170 $ 105,170 Required: 3-a. Prepare an income statement for the year ended May 31, 2019. 3-b. Prepare a statement of retained earnings for the year ended May 31, 2019. 3-c. Prepare a classified balance sheet at May 31, 2019. Complete this question by entering your answers in the tabs below. Req Req 3B Req 3C Prepare an income statement for the year ended May 31, 2019. (Enter your answers in millio Kim Shipping Income Statement (in millions) Required: 3-a. Prepare an income statement for the year ended May 31, 2019. 3-b. Prepare a statement of retained earnings for the year ended May 31, 2019. 3-c. Prepare a classified balance sheet at May 31, 2019. Complete this question by entering your answers in the tabs below. Req Req 3B Req 30 Prepare a statement of retained earnings for the year ended May 31, 2019. (Enter your answers in dollars.) Kim Shipping Statement of Retained Earnings (in millions) Beginning Balance, 6/1/2018 Ending Balance, 5/31/2019 5-a. Prepare an income statement for the year endea May 31, 2019. 3-b. Prepare a statement of retained earnings for the year ended May 31, 2019. 3-c. Prepare a classified balance sheet at May 31, 2019. Complete this question by entering your answers in the tabs below. Req Req 3B Req 30 Prepare a classified balance sheet at May 31, 2019. (Enter your answers in millions, not in whole dollars. Amounts to be de be indicated by a minus sign.) Kim Shipping Balance Sheet (in millions)

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