Please answer a, b, c, d

PROBLEM 5.2A Preparing Financial Statements and Closing Entries of a Profitable Company 3 LO5-1, (G) LO5-2, (3) LO5-4, Affordable Lawn Care, Inc, provides lawn-mowing services to both commercial and residential customers. The company performs adjusting entries on a monthly basis, whereas closing entries are prepared annually at December 31. An adjusted trial balance dated December 31 , current year, follows: Instructions a. Prepare an income statement and statement of retained earnings for the year ended December 31, current year, Alo prepare the company's balance sheet dated December 31, current year. b. Prepare the necessary yearend closing entries. c. Prepare an afterclosing trial balance. d. Usine the financial statements prepared in part a, brielly evaluate the company's profitability and liquidity