The document outlines a comprehensive problem involving Tarkington Freight Service, which provides delivery services to retail grocery stores. It requires preparing the company's financial statements, including an income statement, after the accountant has posted transactions and adjusted entries. The focus is on using the provided account balances to generate the necessary financial reports.

1. Problem 3-70 A Part II Comprehensive Problem: Reviewing the Accounting Cycle Tarkington
Freight Service provides delivery of merchandise to retail grocery stores in the Northeast. The
company aceountant has posted aif the transactions to T. accounts as weil as generating the
journal and adjusting entries. Required: The following is a list of accounts and their ending
balances. Using the data, prepare Takington's financial statements. 3. Prepare an income
statement. Note: For grouped values (e.g. revenues or expenses), enter individual amounts as
positive values, If the total for the group is subtracted or an overall negatve amou