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Prepare a set of financial statements from the trial balance presented below. 1. Income Statement ( 20 marks) 2. Statement of Changes in Retained Earnings

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Prepare a set of financial statements from the trial balance presented below. 1. Income Statement ( 20 marks) 2. Statement of Changes in Retained Earnings (10 marks) 3. Balance Sheet ( 30 marks) Adjusted trial balance as of Dec 31, 2022 Notes: Note Receivable due in 2025 Mortgage payable due in 2024

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