You have recently joined Amalgam Inc. as Accounting Assistant. Your accounting duties include journalizing and posting transactions, preparing adjusting entries, bank reconciliation statements, depreciation schedules and financial statements, valuing inventory and computing financial ratios

1. Below is the Adjusted Trial Balance for Amalgam Inc.

Using the Adjusted Trial Balance above, prepare the following statements in proper form:

a. Income Statement

b. Retained Earnings Statement

c.Classified Statement of Financial Position

Question 1 Below is the Adjusted Trial Balance for Amalgam Inc