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Prepare an income statement and statement of owners equity for the year 2017, and classified balance sheet at December 31st 2017. There are no owner

Prepare an income statement and statement of owners equity for the year 2017, and classified balance sheet at December 31st 2017. There are no owner investments in 2017.

Enter the adjusted trail balance in the first two columns for a post table. Use the middle two columns for closing entry information and the last two columns for a post closing trial balance. Insert an income Summary account (no 901 as the last item in the trail balance.

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