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 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
Accounts Payable				$	4,300
Accounts Receivable	$	6,400
Accumulated Depreciation—Equipment					21,000
Cash		6,300
Common Stock					4,100
Depreciation Expense		3,800
Dividends		310
Equipment		40,900
Goodwill		5,200
Income Tax Expense		1,600
Income Tax Payable					1,600
Interest Expense		240
Interest Receivable		150
Interest Revenue					160
Notes Payable (long-term)					9,100
Notes Payable (short-term)					1,000
Office Expenses		7,680
Prepaid Rent		1,550
Rent Expense		3,900
Repairs and Maintenance Expense		3,300
Retained Earnings					16,260
Salaries and Wages Expense		18,000
Salaries and Wages Payable					3,100
Service Revenue					52,600
Supplies		590
Transportation Expense		13,300
	$	113,220		$	113,220

Prepare an income statement for the year ended May 31, 2013.


Prepare a statement of retained earnings for the year ended May 31, 2013.



Prepare a balance sheet at May 31, 2013. (Amounts to be deducted should be indicated by a minus sign.)