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IE5-2 Preparing an Income Statement and a Balance Sheet from a Trial Balance The following is a list of accounts for Solodia Company: Requlred: Use
IE5-2 Preparing an Income Statement and a Balance Sheet from a Trial Balance The following is a list of accounts for Solodia Company: Requlred: Use the list of accounts to: 1. Prepare a Multiple Step Income Statement in good form. Note: Malntaln the order In which the accounts appear In the Ilst. 2. Prepare a Classified Balance Sheet. Note: Malntaln Current Assets and Current Llabillties In order of llquidity. 3. Compute Return on Assets rounded to one decimal place. 4. Compute Earnings per Share rounded to the nearest cent. 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
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