E1-33B. (Learning Objectives 3, 4: Using the accounting equation; preparing a Balance Sheet) Amounts of the assets and liabilities of Bobbyboy Company, as of May 31, 20X6, are given as follows. Also included are revenue and expense figures for the year ended on that date

(amounts in millions):

Requirement 1. Prepare the Balance Sheet of Bobbyboy Company at May 31, 20X6. Use the accounting equation to compute ending retained earnings.

Total revenue..... Receivables Current liabilities 34.0 0.2 Investments. Property and equipment, net........ 6.0 Other expenses. Share capital.. 15.9 Retained earnings, beginning.. interest expense.. 0.2 Retained earnings, ending Salary and other employee expenses..... Long-term liabilities.... 15.5 Cash............ 2.3 Other assets...... 16.1 18.0 6.8 9.3 2 2.5 5.0