Below is the unadjusted trial balance for Walton Anvils as of December 31, 2016, and the data for the adjustments. There is also an Excel Template for this problem that you may downioad and use for you may use your ownl. 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 staternent, 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. Caiculate the current ratio for the company