Fin Acct I FA 19 MW 8:00am 80407 Homework: Ch 4 HW MAL Score: 0 of 8 pts 4 of 7 (3 complete) P4-29A (similar to) The adjusted trial balance of Brinney Irrigation System at December 31, 2016, follows: E(Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Prepare the company's income statement for the year ended December 31, 2016. (If a box is not us minus sign or parentheses to show a net loss.) Brinney Irrigation System Income Statement Year Ended December 31, 2016 Choose from any list or enter any number in the input fields and then click Check Answer. 9 parts remaining Clear All Read the requirements Requirement 1. Prepare the company's income statoment for the year ended December 31, 2016 (f a box is not used in the statomont, loave the box empty, do not solect a label or entor a zero. Use a minus sign or parentheses to show a net loss) Brinney Irrigation System Income Statement Year Ended December 31, 2016 Choose from any list or enter any number in the input flelds and then click Check Answer narts 4 of 7 (3 complete) - X i Data Table Account Title Debit Credit Cash $ 12,500 Accounts Receivable 47,000 e b Office Supplies 24,400 Prepaid Insurance 6,400 Equipment Accumulated Depreciation-Equipment 22,000 $ 6,500 57,100 Building Accumulated Depreciation-Building 24,500 he Print Done i Requirements 1. Prepare the company's income statement for the year ended December 31, 2016 2. Prepare the company's statement of retained earnings for the year ended December 31, 2016 3. Prepare the company's classified balance sheet in report form at December 31, 2016 4. Journalize the closing entries for Brinney Irrigation System. 5. Compute the company's current ratio at December 31, 2016. At December 31, 2015, the current ratio was 2.5. Did the company's ability to pay debts improve or deteriorate, or did it remain the same? Print Done Fin Acct I FA 19 MW 8:00am 80407 Homework: Ch 4 HW MAL Score: 0 of 8 pts 4 of 7 (3 complete) P4-29A (similar to) The adjusted trial balance of Brinney Irrigation System at December 31, 2016, follows: E(Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Prepare the company's income statement for the year ended December 31, 2016. (If a box is not us minus sign or parentheses to show a net loss.) Brinney Irrigation System Income Statement Year Ended December 31, 2016 Choose from any list or enter any number in the input fields and then click Check Answer. 9 parts remaining Clear All Read the requirements Requirement 1. Prepare the company's income statoment for the year ended December 31, 2016 (f a box is not used in the statomont, loave the box empty, do not solect a label or entor a zero. Use a minus sign or parentheses to show a net loss) Brinney Irrigation System Income Statement Year Ended December 31, 2016 Choose from any list or enter any number in the input flelds and then click Check Answer narts 4 of 7 (3 complete) - X i Data Table Account Title Debit Credit Cash $ 12,500 Accounts Receivable 47,000 e b Office Supplies 24,400 Prepaid Insurance 6,400 Equipment Accumulated Depreciation-Equipment 22,000 $ 6,500 57,100 Building Accumulated Depreciation-Building 24,500 he Print Done i Requirements 1. Prepare the company's income statement for the year ended December 31, 2016 2. Prepare the company's statement of retained earnings for the year ended December 31, 2016 3. Prepare the company's classified balance sheet in report form at December 31, 2016 4. Journalize the closing entries for Brinney Irrigation System. 5. Compute the company's current ratio at December 31, 2016. At December 31, 2015, the current ratio was 2.5. Did the company's ability to pay debts improve or deteriorate, or did it remain the same? Print Done