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The following information applies to the questions displayed below. Fedex Corporation reported its balance sheet at May 31, 2013. Assume the following alphabetically listed accounts

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The following information applies to the questions displayed below. Fedex Corporation reported its balance sheet at May 31, 2013. Assume the following alphabetically listed accounts were included in its trial balance Immediately prior to preparing the financial statements. Credit $ 3,500 20,200 3,300 FEDEX CORPORATION Adjusted Trial Balance At May 31, 2013 (millions of dollars) Debit Accounts Payable Accounts Receivable S 5,600 Accumulated Depreciation, Equipment Cash 5.500 Common Stock Depreciation Expense 3,000 Dividends 230 Equipment 39,300 Goodwill 4,400 Income Tax Expense 1.200 Income Tax Payable Interest Expense 160 Interest Receivable 70 Interest Revenue Notes Payable long-term) Notes Payable (short-term) Office Expenses 7,600 Prepaid Rent 1150 Rent Expense 3,100 Repairs and Maintenance 2.500 Expense Retained Earnings Salaries and Wages Expense 17,200 Salaries and Wages Payable Service Revenue Supplies 510 Transportation Expense 12.500 1.200 80 8,300 600 16,740 2,300 47,800 $104,020 $104,020 3-a. Prepare an income statement for the year ended May 31, 2013 FEDEX CORP. Income Statement 3-b. Prepare a statement of retained earnings for the year ended May 31, 2013 FEDEX CORP Statement of Retained Earnings Beginning Balance. 6/1/2012 Ending Balance. 5/31/2013 $ 3- Prepare a balance sheet at May 31, 2013. (Amounts to be deducted should be indicated by a minus sign.) FEDEX CORP Balance Sheet 0 III ol

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