extracredit

Attached are 2 documents: 1) is a Trial Balance that gives you the balances to use to prepare the financial statements; 2) is a Template that you can use, note there are drop down choices - but, you can definitely use your own on Excel or similar; Here are the instructions: Instructions 1.    Prepare an income statement for the year ended December 31. 2.    Prepare a statement of owner's equity for the year ended December 31. No additional investments were made during the year. 3.    Prepare a balance sheet as of December 31. **Check Figure: Total assets: $354,500 - if you got this number, then you did the assignment correctly. 4.    Based upon the end-of-period spreadsheet, journalize the closing entries. 5.    Prepare a post-closing trial balance.