The adjusted trial balance of Bechard Irrigation System at December 31,2025, follows: View the...

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Accounting

The adjusted trial balance of Bechard Irrigation System at December 31,2025, follows:
View the adjusted trial balance.
Read the requirements.
Requirement 1. Prepare the company's income statement for the year ended December 31,2025.(If an input field is not used in the stat
Bechard Irrigation System
Income Statement
Year Ended December 31,2025
Requirements
Prepare the company's income statement for the year ended
December 31,2025.
Prepare the company's statement of retained earnings for the year ended
December 31,2025.
Prepare the company's classified balance sheet in report form at
December 31,2025.
Journalize the closing entries for Bechard Irrigation System.
Compute the company's current ratio at December 31,2025. At
December 31,2024, the current ratio was 2.2. Did the company's ability to pay
debts improve or deteriorate, or did it remain the same?
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