These financial statement items are for Major Company at year-end, July 31, 2012. Instructions(a) Prepare an income statement and an owners equity statement for the year. The owner did not make any new investments during the year.(b) Prepare a classified balance sheet at July31.; These financial statement items are for Major Company at year-end, July 31, 2012. Instructions(a) Prepare an income statement and an owners equity statement for the year. The owner did not make any new investments during the year.(b) Prepare a classified balance sheet at July31.
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