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The following trial balance was prepared for Findlay Consultants Corp. at January 31, 2015, its first month of operation.
1. Prepare a corrected trial balance at January 31. List the accounts in numerical order. Record the amounts in their proper debit or credit positions. Re-add total debits and credits and ensure they are equal. Assume all accounts have normal balances.
2. Prepare an income statement and statement of changes in equity for the month ended January 31, 2015.
3. Prepare a balance sheet at January 31, 2015.