The statement of financial position for Cool Air Ltd. as at the end of 2010 and its trial balance as at the end of 2011 follow:COOL AIR LTD.Statement of Financial PositionDecember 31, 2010COOL AIR...

The statement of financial position for Cool Air Ltd. as at the end of 2010 and its trial balance as at the end of 2011 follow: COOL AIR LTD. Statement of Financial Position December 31, 2010 COOL AIR LTD. Trial Balance December 31, 2011 Required: a. Prepare a statement of earnings, and a calculation of retained earnings, for the year ended December 31, 2011. b. Prepare a statement of financial position as of December 31, 2011. c. Prepare a statement of cash flows for the year ended December 31, 2011. View Solution:

The statement of financial position for Cool Air Ltd as