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The adjusted trial balance for Hampton Advertising Services is presented below: (Click on the icon to view the adjusted trial balance.) Requirements 1. Prepare the

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The adjusted trial balance for Hampton Advertising Services is presented below: (Click on the icon to view the adjusted trial balance.) Requirements 1. Prepare the income statement for the year ending December 31,2016. 2. Prepare the statement of owner's equity for the year ending December 31, 2016. Assume that there were no contributions made by the owner during the year. 3. Prepare the classified balance sheet as of December 31,2016 . Use the report form. useo in the statement, ieave the Dox empry; oo not sesect a saber or enter a zero.) Hampton Advertising Services Requirement 2. Prepare the statement of owner's equity for the year ending December 31, 2016. Assume that there were no contributions made by the owner during the year. (Use a minus sign or parentheses to show a net loss andior a decrease in capital. Exclude any zero-balance events for the period from the statement of owner's equity.) Requirement 3. Prepare the classified balance sheet as of December 31, 2016. Use the report form. Begin by preparing the asset section of the balance sheet and then prepare the liabilites and owner's equity sections. (if a box is not used in the balance sheet, leave the box empty; do not select a label or enter a zero.)

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