Based on the following worksheet for Mantle:

A$.$ Prepare the income statement $(10$ points$)$

B$.$ Prepare the statement of owner's equity, assume no new investments for year $(5$ pts$)$

C$.$ Prepare the balance sheet$(10$ points$)$

D$.$ Prepare the necessary closing entries$(5$ points$).$

Mantle Enterprises

Worksheet

For the Year Ended December $31,2022$

$\backslash$table$[[$Adjusted Trial Balance,Income Statement,Balance Sheet,,$],[$Account Title,Debit,Credit,Debit,Credit,Debit,Credit$],[$Cash$,16,000,,,,16,000,],[$Accounts Receivable,$6,000,,,,6,000,],[$Supplies$,2,000,,,,2,000,],[$Equipment$,19,000,,,,19,000,],[$Accumulated Depr$-$Equip,,$6,000,,,,6,000],[$Accounts Payable,,$10,000,,,,10,000],[$Wages Payable,,$2,000,,,,2,000],[$Mantle$,$ Capital,,$11,000,,,,11,000],[$Mantle$,$ Drawing,$1,000,,,,1,000,],[$Fees Earned,,$47,000,,47,000,,],[$Wages Expense,$21,000,,21,000,,,],[$Rent Expense,$6,000,,6,000,,,],[$Depreciation Expense,$5,000,,5,000,,,],[$Totals$,76,000,76,000,32,000,47,000,44,000,29,000],[$Net Income $($Loss$),,,15,000,,,15,000]]$