Given Data P04-03A: CHARON REPAIRS Adjusted Trial Balance Thng Mi Hai 31, 2009 101 Cash 16.100 124 Office supplies 1.300 128 Prepaid insurance 2.800 167 Equipment 50.000 168 Accumulated depreciation-Equipment $ 5.000 201 Accounts payable 12.000 210 Wages payable 1.400 301 L.Charon, Capital 33.000 302 L.Charon, Withdrawals 16.000 401 Repair fees earned 98.600 612 Depreciation expense-Equipment 5.000 623 Wages expense 39.000 637 Insurance expense 800 640 Rent expense 13.000 3.100 650 Office supplies expense 690 Utilities expense Totals 2.900 $ 150.000 $ 150.000 Q1: Prepare Income Statement, Statement of Owner's Equity, and Classified Balance Sheet Q2: Journalize closing entries and prepare Post-Closing Trial Balance Q3: Assume for this part only: a. None of the $800 insurance expense had expired during the year. Assume it is a prepayment of next period's insurance protection b. There are no earned and unpaid wages at the end of the year Describe the financial statement changes resulting from these assumptions.