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1. Prepare a worksheet for the year ended December 31, 2016. 2. Prepare a summary income statement for the year ended December 31, 2016. 3.

1. Prepare a worksheet for the year ended December 31, 2016.

2. Prepare a summary income statement for the year ended December 31, 2016.

3. Prepare a statement of retained earnings for the year ended December 31, 2016.

4. Prepare a balance sheet as of December 31, 2016.

5. Journalize and post the adjusting entries as of December 31, 2016.

6. Journalize and post the closing entries as of December 31, 2016.

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