Adjustment Data kequirements 1. Open T-accounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended December 31, 2016. 3. Prepare the adjusting entries and post to the T-accounts. 4. Prepare the adjusted trial balance. 5. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form. 6. Prepare the closing entries and post to the T-accounts. 7. Prepare a post-closing trial balance. 8. Calculate the current ratio for the company. You may save and use the following EXCEL TEMPLATE or create your own. Upload your Excel workbook using \begin{tabular}{|l|l|} \hline Current Ratio = Total Current Assets / Total Current Liabilities \\ \hline Total Current Assets \\ \hline Total Current Liabilities \\ \hline \\ \hline & \\ \hline \end{tabular}