Credit KARISE REPAIRS Adjusted Trial Balance December 31 No. Account Title Debit 101 Cash $191,000 124 office supplies 1,100 128 Prepaid insurance 2,600 167 Equipment 50,000 168 Accumulated depreciation-Equipment 201 Accounts payable 210 Wages payable 301 C. Karise, Capital 302 C. Karise, withdrawals 17.000 401 Repair fees earned 612 Depreciation expense-Equipment 5,000 623 Wages expense 40,000 637 Insurance expense 1,200 640 Rent expense 16,000 650 office supplies expense 3,200 690 Utilities exponse Totals $241,200 $5,000 13,000 600 33,000 189,600 4.100 $241,200 Noter, C. Karise, Capital was $33,000 on December 31 of the prior 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. Complete the work sheet using the adjusted trial balance in the first two columns of six column table. Use columns three and four Note: C. Karise, Capital was $33,000 on December 31 of the prior year. Required: 1a. 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. Complete the work sheet using the adjusted trial balance in the first two columns of a six-column table Use columns three and four for closing entry information and the last two columns for a post-closing trial balance. 3. Using information from the work sheet in Requirement 2 prepare the appropriate closing entries. 32 Complete this question by entering your answers in the tabs below. Required 1A Required 16 Required 10 Required 2 Required Using information from the work sheet in Requirement 2, prepare the appropriate closing entries Vww transaction Best Journal entry worksheet 1 2 3 4 Record the entry to do even count)