Examine the completed worksheet for Weaver Enterprises. You will be using the information presented on the worksheet to complete the tasks below.

Task 1: Prepare a Classified Balance Sheet

Task 2: Prepare both the Adjusting Entries and the Closing Entries

Task 3: Examine the year-end financial statements that you have just prepared. Write up a financial summary and then answer the following questions: a) What conclusions can you make about the business? b) What suggestions can you offer to achieve better profits for next year?