I Saw That You Answered This For Someone Else Generalproducts Inc Is Incorporate

  1. Record the necessary journal entries for 2016
  2. Prepare Income Statement and Retained Earnings Statement for the year 2016
  3. Prepare Balance Sheet on December 31,2016
  4. Show full work of all the financial items reported in Income Statement and Balance Sheet. Please round your calculations closest to $. Ignore tax.