Holt Company’s adjusted trial balance on December 31, 2010, follows....

Holt Company’s adjusted trial balance on December 31, 2010, follows.

Required

1. Prepare an income statement and a statement of owner’s equity for the year 2010, and a balance sheet at December 31, 2010. There are no owner investments in 2010.

2. Prepare closing journal entries.

3. Prepare a post-closing trial balance.