Preparing Financial Statements and Closing Process Beneish Company has the following account balances at December 31, the end of its fiscal year. a. Prepare Beneish Corporation's income statement and statement of stockholders' equity for year-end December 31 and its balance sheet as of December 31. There were no stock issuances or repurchases during the year. b. Prepare journal entries to close Beneish's temporary accounts. c. Set up T-accounts for each account and post the closing entries