LO 34 E1-33B. (Learning Objectives 3, 4: Using the accounting equation; preparing a Balance Sheet) Amounts of the assets and liabilities of Bobbyboy Company, as of May 31, 20X6, are given as follows. Also included are revenue and expense figures for the year ended on that date (amounts in millions): Total revenue Receivables........ Current liabilities Share capital............ Interest expense.. Salary and other employee expenses..... Long-term liabilities ....... 34.0 0.2 6.0 15.9 0.2 15.5 2.3 Investments Property and equipment, net ........ Other expenses..... Retained earnings, beginning..... Retained earnings, ending Cash............ Other assets.. 16.1 18.0 6.8 9.3 ? 2.5 5.0 LO 3/4 Requirement 1. Prepare the Balance Sheet of Bobbyboy Company at May 31, 20X6. Use the accounting equation to compute ending retained earnings. E1-34B. (Learning Objective 3, 4: Preparing an Income Statement and a Statement of Changes in Equity) This exercise should be used with Exercise 1-33B. Requirements 1. Prepare the Income Statement of Bobbyboy Company, for the year ended May 31, 20X6. 2. What amount of dividends did Bobbyboy declare during the year ended May 31, 20X6? Hint: Prepare a statement of changes in equity