Green Lawns, Inc., performs entries every month, but closes it's accounts only at year-end. The following is the company's year-end adjusted trial balance dated December 31, current year.

Prepare an income statement and statement of retained earnings for the year ended December 31 , current year. Also prepare the company's balance sheet dated December 31, current year. Does the company appear to be liquid? Defend your answer. Has the company been profitable in the past? Explain. Green Lawns, Inc. Income Statement For the Year Ended December 31, Current Year Statement of Retained Earnings For the Year Ended December 31, Current Year amember that you will need to carry the newly computed ending balance for retained earnings down the equity section of the balance sheet