PROJECT GRADE: This project will graded on the basis of not only the technical sophistication of your Excel template, but also upon the accounting methodology and principles you will use to complete the assignment. This exercise will not only give you a review of the adjusting, closing and financial reporting processes, but will also provide you with a better understanding of how computer technology can be used as a tool to record, summarize and disseminate financial information for decision making. The specific formatting, printing and template generation skills tested in this project are as follows: · Creation of stand-alone Excel templates · Design aspects of spreadsheet development · Structured spreadsheet development to complete requisite output · Formatting: lines and borders, column/row spacing, etc. · Numbers: proper use of comma and $ sign, etc. · Adequate printing of all requirements · Proper use of headings and dates · Correct use of Excel formulas · Logical structure of calculations and layout · Linking of cells in the spreadsheet design · Print-to-fit properties of Excel · Organized and legible printed documents as required · Proper use of formulas to combine numerical date REQUIRED: You are required to create a 10-column work sheet (Reference Appendix 3B) that starts with an Unadjusted Trial Balance as of December 31, 2016 and ends with a Balance Sheet as of the same date. You will also be required to prepare a Balance Sheet and an Income Statement in good form based on this worksheet. Ensure that your financial statements are correctly formatted in terms of headings, dollar signs, appropriate spacing and current verses long-term classifications. Excel’s ability to link portions of the spreadsheet together to achieve your output requirements will prove very helpful in the completion of this assignment. You are required to use the linkage function to automatically move data from your worksheet to your financial statements. Failure to do so will result in a significant loss of credit points. Once you have entered data into the adjusting entries portion of your worksheet, your Excel template should automatically fill in the other required portions of your project. These portions of your spreadsheet coincide with the requirements of your project. You will need to have data automatically loaded into your Balance Sheet, Income Statement, Post-Closing Trial Balance, and the Adjusting and Closing entry section of your project. Information you will need to complete this project is provided below. The purpose of this exercise is to illustrate that the preparation of a year-end worksheet with the use of an electronic spreadsheet is extremely simple and practical way for the accountant to save time during the month-end closing process. Additionally, the project should reacquaint students with the basic procedural reporting tasks normally associated with any accounting information system, and the sole p.