B. An income statement for the year and December 31, 2020C. A statement of owners equity for the year and December 31, 2020 (there were no investments in 2020)D. A classified balance sheet as of December 31, 2020

The following amounts represent the adjusted trial balance for JJ Grifter Co. at the company's year end December 31, 2020: Dr. Cr Accounts Payable 253,600 Accounts Receivable 330,400 Accrued Expenses Payable 52,000 Accumulated Depreciation - Building 40,800 Advertising Expense 209,600 Building 256,800 Capital - JJ Grifter, Jan. 1, 2020 172,000 Cash 336,000 Depreciation Expense 13,600 Drawing 72,000 Fees Earned 1,129,800 Interest Expense 26,400 Interest payable 2,400 Land 40,000 Note Payable - due January 30, 2024 480,000 Prepaid Advertising 55,200 Rent Expense 365,000 Rental Income 118,400 Salary expense 448,000 Salaries payable 12,800 Supplies 22,400 Supplies Expense 56,800 Telephone Expense 62,400 Unearned Fees 32,800 2,294,600 2,294,600 Instructions - Prepare: a the necessary closing entries