Problem (36.5 points) BEST BUY Best Buy, Co., Inc's financial statements say: "We are driven by our purpose to enrich lives through technology and our vision to personalize and humanize technology solutions for every stage of life. We accomplish this by leveraging our combination of technology and a human touch to meet our customers' everyday needs, whether they come to us online, visit our stores or invite us into their homes. We have operations in the U.S. and Canada and includes the brand names Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, CST, Current Health, Geek Squad, Lively, Magnolia, Pacific Kitchen and Home and Yardbird and the domain names bestbuy.com, currenthealth.com, lively.com and yardbird.com." Below are the account balances (all normal) for Best Buy, Co., Inc., as of January 29, 2022 after adjusting journal entries but before closing entries. The accounts are listed in alphabetical order. All amounts are in millions of U.S. dollars. The company's fiscal year ends on Saturday nearest the end of January each calendar year. Fiscal year 2022 ended on January 29, 2022, and fiscal year 2021 ended on January 30, 2021. There was no new investment by stockholders during fiscal 2022 (Hint: read this as no change in Common Stock). Accounts payable 6,803 Accounts receivable 1,042 Accumulated depreciation 6,091 Cash 2,936 Common stock 23 Cost of sales 40,121 Current portion of long-term debt 661 Depreciation expense 787 Dividends 702 General and administrative expenses 7,814 Goodwill and other long-term assets 4,715 Income tax expense 574 Interest expense 25 Interest revenue 14 Long-term debt 1,216 Merchandise inventories 5,965 Other current assets 595 Other long-term liabilities 2,593 Property and equipment 8,341 Retained earnings 1,245 Sales revenue Unearned revenue Wages payable 51,761 1,419 1,791 Required: Prepare the following for fiscal 2022 for Best Buy: a) Income Statement-single step format (7.5 points) b) Statement of Stockholders' Equity (4 points) c) Classified Balance Sheet (15.5 points) d) Closing journal entries and short questions (9.5 points) 4