The December 31 2011 adjusted trial balance for the Blueboy
The December 31, 2011, adjusted trial balance for the Blueboy Cheese Corporation is presented below.

Required:
1. Prepare an income statement for the year ended December 31, 2011, and a classified balance sheet as of December 31, 2011.
2. Prepare the necessary closing entries at December 31, 2011.

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