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Instructor: Dawn D. Young Term: Summer 2022 ACC1B10 - PRINCIPLES OF FINANCIAL ACCOUNTING Project 05: Inventories (Chp 5) Part B: Financial Statements The accounts of Try It Out Corporation are listed along with their adjusted balances before closing for the year ended June 30,2022 . All month-end adjustments have already been made. Assume all accounts have normal balances. No dividends were declared or paid during the fiscal year. Requirements: 1. Preparea multi-step income statement 2. Prepared the statement of retained earnings 3. Prepared a classified halance sheet