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The ariusted trial for Pnrter Comnanu are as follnws Instructions (a) Prepare the income statement and statement of owner's equity. (b) Prepare a classified balance

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The ariusted trial for Pnrter Comnanu are as follnws Instructions (a) Prepare the income statement and statement of owner's equity. (b) Prepare a classified balance sheet for Porter Company at December 31, 2010 assuming $10,000 of the notes payable become due in 2011. B. Porter did not make any additional investments in the business during 2010

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