Complete this question by entering your answers in the tabs below. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet at December 31 . The adjusted trial balance of Karise Repairs on December 31 follows. Note. C. Karise, Capital account balance was $40,000 on December 31 of the prior year, and there were no owner investments during the year. Required: 1a. Prepare an income statement for the year. 16. 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. Complete this question by entering your answers in the tabs below. Ic. Prepare a classllieto Datance sneet at vecemper si, 2. Prepare the December 31 closing entries. Complete this question by entering your answers in the tabs below. Prepare a statement of owner's equity for the year. Journal entry worksheet 4 Record the entry to close the revenue account(s). Note: Enter debits before credits