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Problem 5: Income statement and closing entries: The December 31, 2018, adjusted trial balance for the Pinkgirl Cheese Corporation is presentec below: Required: 1. Prepare

Problem 5: Income statement and closing entries: The December 31, 2018, adjusted trial balance for the Pinkgirl Cheese Corporation is presentec below: Required: 1. Prepare a classified income statement for the year ended December 31, 2018. 2. Prepare necessary closing entries

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