Adjusted Trial Balance December 31 Number Account Title 101 Cash 124 Office supplies 128 Prepaid Insurance 167 168 201 210 301 302 403 612 623 Equipment Accumulated depreciation-Equipment Accounts payable Wages payable C. Karise, Capital C. Karise, withdrawals Services revenue Depreciation expense-Equipment Wages expense 637 Insurance expense 640 Rent expense 650 690 Debit Credit $ 14,000 1,300 2,050 50,000 $5,000 14,000 600 33,000 16,000 90,950 5,000 37,500 300 10,600 3,600 2,700 Office supplies expense Utilities expense Totals $ 145,550 5 143,550 Note C. Karise, Capital account balance was $33,000 on December 31 of the prior year, and there were no owner investments during the year Required: 10. Prepare an income statement for the year 1b. Prepare a statement of owner's equity for the year 1c. Prepare a classified balance sheet at December 31 2. Prepare the December 31 closing entries