A Buon team Cher Credit The Dalence of anise Repairs on December 31 Follow sed tal maande 7 Debut $ 100,000 1,700 2,400 53,000 14 Arealet apreciation Arte eithala $ 5,300 14,500 900 39,000 19,000 185, 900 5,300 43,000 1,200 12,500 3,400 4,100 $ 245,600 $ 245,600 acelet spenne Dota Mote C. Karse, Capital account balance was $39,000 on December 31 of the prior year, and there were no owner investments during the ye Required ta. Prepare an income statement for the year. fo. Prepare a statement of owner's equlty for the year 1c. Prepare a classified balance sheet at December 31. 2. Prepare the December 31 closing entries