IE4-1 Using the Adjusted Trial Balance to Create a Closing Entry and Financial Statements The following is an Adjusted Trial Balance for Klushman Industries: Total Assets last year: 300,000 Required: Use the Adjusted Trial Balance to prepare: 1. Income Statement 2. Closing Entry 3. Balance Sheet 4. Current Ratio. 5. Net Profit Margin. 6. Total Asset Turnover. Note: Maintain the order In whlch the accounts appear on the Adjusted Trlal Balance on the corresponding statements. Navlgation: 1. Use the Open Excel In New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect