Semester Case $-$ Cowboy Ice Cream, Inc. $($CIC$)$

Today we are going to revisit earlier packets in order to tie our financials together. Think back to packet $19$ when you found yourself with negative Retained Earnings. What questions were raised when you saw that? What might have been missing from the information to which you had access? It didn't see like you had access to all of the transactions, right? Now you do$.$

Use the following pages to record entries in your accounting equation and income statement. Then use that information to create a full set of financial statements for CIC to close out Year $2.$

Beginning Balances for Year $2$ were as follows:

$\backslash$table$[[$Cash$,$$$26,000\mathrm{.}00$