Financial Statements and Closing Entries which follows: The Gorman Group End-of-Period Spreadsheet For the Year Ended October 31, 2019 Prepare a balance sheet. Prepare a statement of owner's equity (no additional investments were made du Required: 1. Prepare an income statement. 2. Journalize the entries that were required to close the accounts at October 31 . For a compound transaction, if an amount box does not require an entry, leave it blank