Last-Chance Company offers legal consulting advice to prison inmates. Last-Chance Company prepared the end-of-period spreadsheet (work sheet) at the top of the following page at November 30, 2008, the end of the current fiscal year.Instructions1. Prepare an income statement for the year ended November 30.2. Prepare a statement of owner’s equity for the year ended November 30. No additional investments were made during the year.3. Prepare a balance sheet as of November 30.4. On the basis of the end-of-period spreadsheet (work sheet), journalize the closing entries.5. Prepare a post-closing trialbalance.
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Last Chance Company offers legal consulting advice to prison inm

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