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please solve Scorpio. Travel adjusts its books each month and closes its books once on December 31 each year. The Adjusted trial balance at December

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Scorpio. Travel adjusts its books each month and closes its books once on December 31 each year. The Adjusted trial balance at December 31, 2009 follows: Instructions: 1. Prepare the three financial statements for 2009: Income Statement, Statement of Changes in Equity \& Statement of Financial position for Scorpio Travel. 2. Prepare the necessary closing entries at Dec 31, 2009. Omit explanations. 3. Determine the balance of the Retained Earnings after closing the temporary ficcounts

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