Question: E4-2 (Static) Identifying Adjustments and Preparing Financial Statements from a Trial Balance [LO 4-1, LO 4-4] [The following information applies to the questions displayed below.]

E4-2 (Static) Identifying Adjustments and Preparing Financial Statements from a Trial Balance [LO 4-1, LO 4-4]

[The following information applies to the questions displayed below.]

FedEx Corporation reported its balance sheet at May 31, 2019. Assume the following alphabetically listed accounts were included in its trial balance immediately prior to preparing the financial statements.

3-b. Prepare a statement of retained earnings for the year ended May 31, 2019. E4-2 (Static) Identifying Adjustments and Preparing Financial Statements from a Trial Balance [LO 4-1, LO 4-4] [The following information applies to the questions displayed I need help calculating the beginning balance of retained earnings.

E4-2 (Static) Identifying Adjustments and Preparing Financial Statements from a Trial Balance [LO 4-1, LO 4-4] [The following information applies to the questions displayed below.] FedEx Corporation reported its balance sheet at May 31, 2019. Assume the following alphabetically listed accounts were included in its trial balance immediately prior to preparing the financial statements. 3-a. Prepare an income statement for the year ended May 31, 2019. 3-b. Prepare a statement of retained earnings for the year ended May 31, 2019. 3-c. Prepare a classified balance sheet at May 31, 2019. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the year ended May 31, 2019. (Enter your answers in millions, not in whole dollars.)

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