Prepare financial staternents and closing entries-periodic system and earnings approach. "P5.13A (L. 7) AP The following is an alphabetical list of Bud's Bakery's adjusted account balances at the end of the company's fiseal yeur on November 30, 2024 : Additional facts: 1. Bud's Bakery uses a periodie inventory system with the earnings approach. 2. Of the mortgage payable, $8,500 is due on March 31,2025 . 3. A physical count determined that merchandise inventory on hand at November 30,2024 , was $37,350. 4. The owner made no capital contributions daring the year. Instructions a. Prepare a multiple-step income statement, statement of owner's equity, and classified balance sheet for the November 30,2024, yar end