ences The adjusted trial balance of Karise Repairs on December 31 follows. KARISE REPAIRS Adjusted Trial Balance December 31 No. Account Title 101 Cashi 124 Office supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 201 Accounts payable 210 Wages payable Debit Credit $105,000 2,000 2,900 58,000 $ 5,800 15,500 500 301 C. Karise, Capital 35,000 302 C. Karise, withdrawals 16,500 401 Repair fees earned 197,900 612 Depreciation expense-Equipment 5,800 623 Wages expense 41,000 637 Insurance expense 1,300 640 Rent expense 16,000 650 Office supplies expense 3,100 690 Utilities expense 3,100 Totals $254,700 $254,700 Note. C. Karise, Capital was $35,000 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 Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Required 2 Required 3