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. FEDEX CORPORATION Adjusted Trial Balance At May 31, 2013 (millions of dollars) Debit $ Credit 3,500 $ 5,600 20,200 5,500 3,300 3,000 230 39,300 4,400 1200 1200 160 70 Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment 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 Expense Salaries and Wages Payable Service Revenue Supplies Transportation Expense 80 8,300 600 7,500 1150 3,100 2.500 16,740 17,200 2,300 47.800 510 12,500 $104,020 $104,020 Required: 1. Based on the information in the trial balance, select balance sheet accounts that likely required deferral adjustments as of May 31 (no computations are necessary). (Select all that apply.) Prepaid Rent Accumulated Depreciation Equipment Other Current Liabilities Selling, General and Administrative Expenses Cash Inventories Accounts Receivable 2. Based on the information in the trial balance, select balance sheet accounts that likely required accrual adjustments as of May 31 (no computations are necessary). (Select all that apply.) Interest Receivable Salaries and Wages Payable Cash Accumulated Depreciation Prepaid Rent Contributed Capital Notes Payable 3-a. Prepare an income statement for the year ended May 31, 2013 FEDEX CORP Income Statement 3-b. Prepare a statement of retained earings 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