Required:

1. 1.Prepare an adjusted trial balance.
2. 2.Prepare an income statement and retained earnings statement for the year and a classified statement of financial position as of November 30, 2022.
3. 3.Journalize the closing entries.
4. 4.Prepare a post-closing trial balance.

The trial balance of Blossom Fashion Center contained the following accounts at November 30, the end of the company's fiscal year. Blossom Fashion Center Trial Balance November 30, 2022 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Share Capital-Ordinary Retained Earnings Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Advertising Expense Utilities Expense Maintenance and Repairs Expense Delivery Expense Rent Expense Totals Debit 33,690 37,360 48,660 9,160 140,320 4,200 495,400 138,120 27,730 15,880 12,100 16,700 25,330 1,004,650 Credit 26,660 54,660 52,160 93,660 11,660 765,850 1,004,650