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ACC 1045 Assignment 4 The adjusted trial balance for Marine Fishing Centre is as follows: Instructions: 1. Prepare an income statement for the year ended March 31, 2024. 2. Prepare a statement of owner's equity. The owner, Rachael Falkner, invested $2,300 cash in the business during the year. (Note: The investment has been recorded and it is included in the capital account.) 3. Prepare a classified balance sheet. 4. Prepare closing entries. 5. Use T accounts to post the closing entries and calculate the balance in each account. (Ignore the accounts not affected by the closing entries.) 6. Prepare a post-closing trial balance and compare the balance in the R. Falkner, Capital account with the information in the statement of owner's equity. 7. Calculate the Working Capital and Acid Test Ratio