I need assistance with this accounting problem.

Problem 4-5A Preparing trial balances, closing entries, and financial The adjusted trial balance of Karise Repairs on December 31, 2017. follows. KARISE REPAIR Adjusted Trial Balance December 31, 2017 Account Title Debit Credit 101 Cash 124 office supplies 128 Prepoid insurance 167 Equipment 168 Accumulated depreciation-Equipment 201 Accounts payable $ 32,000 1,180 2,600 54,600 $ 5,480 13,000 1,800 32,000 301 C. Karise, Capital 302 C. Karis+, Withdrawals 19,000 122,100 612 Depreciation expense-equipnent 623 Wages expense 637 Insurence expense 640 Rent expense 5,400 0ee 15,500 698 utilities expense $173,500S73500 Assume there are no owner Prepare a s r 31, 2017 lncome Statement 3 orithmic 690 utilities expense Totals $173,500 $173,5e0 Assume there are no owner investments in 2017 Required: te, Prepare an income statement for the year 2017. 1b. Prepare a statement of owner's equity for the year 2017 1c. Prepare a classified balance sheet at December 31 2017 2. Complete the work sheet using the for closing entry information and the last two columns for a post-ciosing trial balance 3. Using information from the work sheet in Requrement 2 prepare the appropriate cosing entries usted thar oulance in the first two columns of a six-column tabie Use coum Complete this question by entering your answers in the tabs below. Frepare an income statement for the vear 2017 RISE REPAIRS