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Please be legible and show all work. The following accounts were taken from the records of Best Company on the year end (December 31, 2021)

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Please be legible and show all work.

The following accounts were taken from the records of Best Company on the year end (December 31, 2021) after adjusting entri- Additiona Sales Salaries and Advertising expenses are Selling expenses and other operating expenses are General and Administrative expenses. Number of share outstanding during the year is 5,100 . No new shares were issued during the year. The stock was selling at $20 per share at the year end. No additional entries are required. REQUIREMENT: (Show your detailed work) (a) Prepare Classified Balance Sheet, Multiple-Step Income Statement and Statement of Retained Earnings of Best Company using the proper format and all the required accounting conventions. (b) Prepare the closing entries for Best Company

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