XYZ Corporation began operations several years ago. Its post-closing trial balance at May 31, 2014 is shown below. XYZ Corporation's closing entries are also shown below. Shares worth $2,000 were sold during May 2014. Use this information to prepare the following :

1. Classified, Multiple-Step income statement for the year ended May 31.
2. Statement of changes in equity for the year ended May 31.
3. Classified balance sheet at May 31.

please follow the format given on right side for answering the question

XYZ Corporation Post-Closing Trial Balance May 31, 2014 (select one) Balance Sheet (select one) X X X Accounts payable Accumulated depreciation, office equipment Accumulated depreciation, store fixtures Cash Long-term notes payable Merchandise inventory. Mortgage Payable (due January, 2022). Office equipment Patents Rent payable Retained earnings Salaries payable Share capital Store fixtures Trademark Totals Debit Credit 7,150 9,310 2,420 4,050 15,320 7,760 6,860 45,310 7,980 9,550 190 14,750 8,110 3,970 4,590 73,660 73,660 Page Gj1 Credit XYZ Corporation Income Statement For the Year Ended May 31, 2014 General Journal Date Account/Explanation 31/May Sales Rent Earned Consulting Revenue Earned Income Summary Close temporary credit balance accounts F Debit 12,630 12, 110 16,120 40,860 X +++ 55,200 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity 31/May Income Summary. Depreciation Expense, Office Equipment Depreciation Expense, Store Fixtures Cost Of Goods Sold Interest Expense Office Salaries Expense Sales Salaries Expense_ Rent expense, office space Rent expense, selling space Sales Discounts Sales Returns and Allowances Close temporary debit balance accounts 1,950 770 6,990 2,430 9,150 14,400 8,130 10,110 420 850 XXX 14,340 14,340 31/May Retained Earnings Income Summary Close income summary 31/May Retained Earnings Dividends Close dividends 3,250 3,250