12. Adjusting Entries and Closing Entries LO2,3,4 n.. inadiusted and adjusted trial balances of Wang, requirea a. Compare the unadjusted trial balance and the adjusted trial balance and recreate all adjusting journal entries that were made at December 31 . b. Prepare the income statement and a statement of retained earnings for the year. Also prepare a classified balance sheet at December 31 . c. Prepare necessary closing entries