Below is your trial balance for the fiscal year $2021$ now that operations have resumed. First, begin this project by drafting a

complete set of financial statements $($excluding Statement of Cash Flows$)$ from the current information below. Then

proceed to the Operating Cycle scenarios $1-3.$ Once the adjustments are complete from those scenarios, Create the final

set of financial statements with the updated information.

Trial Balance

As of December $31,2021$