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Using the adjusted trial balance presented and the schedules and forms on the following pages : 1.Prepare the income statement. 2. Prepare the statement of

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Using the adjusted trial balance presented and the schedules and forms on the following pages :

1.Prepare the income statement.

2. Prepare the statement of retained earnings.

3. Prepare the balance sheet.

4. Prepare the closing entries.

Please mark each step on each question.

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