Question: Please make sure entry work is not cut off. Thank you 232 LO5-6 PROBLEM 5.2A follows, Prepating Financial Siatements and Closing Statements and closing Entries

Please make sure entry work is not cut off. Thank you

232 LO5-6 PROBLEM 5.2A follows, Prepating Financial Siatements and Closing Statements and closing Entries of a Piofitabie Entries of a company Instructions: a. Prepare an incomo stititement and stalement of retained carnings for the yeur ended Decanthe the current yeari Also prepare the company's balance theet dated December 31, cument yeat b. Prepare the necossary yest-end closing enirics. c. Prepare an afterecloring trial balsance. d. Using the financial statements prepared itt part al, briefly evmleute the company's profing ion and liquidity

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