Question: Wilderness Guide Services, Inc., performs adjusting entries every month, but closes its accounts only at year-end. The company's year end adjusted trial balance dated December

Wilderness Guide Services, Inc., performs adjusting entries every month, but closes

Wilderness Guide Services, Inc., performs adjusting entries every month, but closes its accounts only at year-end. The company's year end adjusted trial balance dated December 31 , current year, is as follows. (Hint: Unprofitable companies have no income taxes expense.) a-1. Prepare an income statement for the year ended December 31 , current year. a-2. Prepare a statement of retained earnings for the year ended December 31 , current year. a-3. Prepare the company's balance sheet dated December 31, current year. b. Does the company appear to be liquid? c. Has the company been profitable in the past? Complete this question by entering your answers in the tabs below. Prepare an income statement for the year ended December 31 , current year

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