This problem continues the Canyon Canoe Company situation from Chapter F:3.

Requirements
1. Complete the worksheet at December 31, 2024 (optional). Use the unadjusted trial balance from Chapter F:2 and the adjusting entries from Chapter F:3.
2. Prepare an income statement for the two months ended December 31, 2024. Use the worksheet prepared in Requirement 1 or the adjusted trial balance from Chapter F:3.
3. Prepare a statement of owner’s equity for the two months ended December 31, 2024.
4. Prepare a classified balance sheet (report form) at December 31, 2024. Assume the note payable is long-term.
5. Journalize and post the closing entries at December 31, 2024. Open T-accounts for Income Summary and Wilson, Capital. Determine the ending balance for each account. Denote each closing amount as Clos. and each account balance as Balance.
6. Prepare a post-closing trial balance at December 31, 2024.