The adjusted trial balance of Hanlon Company at the end of its fiscal year is: Instructions (a)

Question:

The adjusted trial balance of Hanlon Company at the end of its fiscal year is:

                            

Instructions
  (a) Prepare an income statement and an owner’s equity statement for the year. Hanlon did not make any capital investments during the year.
  (b) Prepare a classified balance sheet at July 31.

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