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 Accounts Payable Accounts Receivable Accumulated Depreciation- Equipment Cash Common Stock Depreciation Expense Dividends Equipment Goodwil 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 $ 4.000 $ 6.100 20,700 6,000 3.500 3.800 280 40.300 4,900 1.450 1,450 210 120 130 8,800 850 7650 1400 3.600 3.000 16.440 17.700 2800 50.800 Supplies 560 13.000 Transportation Expense $109,770 $109.770 Requlred: Based on the information in the trial balance, select balance sheet accounts that likely 1. 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 Based on the information in the trial balance, select balance sheet accounts that likely 2 required accrual adjustments as of May 31 (no computations are necessary). (Select all that apply.) Interest Receivable Salaries and Wages Payable Cash Accumulated Deprecation Prepaid Rent Contributed Capital Notes Payable 3-o. Prepare an income statement for the year ended May 31. 2013 FEDEX COR 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, 5/3 1/2013 3- Prepare a balance sheet at May 31, 2013. (Amounts to be deducted should be Indicated by a minus sign.) C. FEDEX CORP Balance Sheet