I want to detail please.

Financial Statement Preparation, Closing Entries & Post-Closing Trial Balance Charlie Tutor Ltd. performs adjusting entries every month, but closes its accounts only at year- end. The company's year-end adjusted trial balance dated December 31, 2020, was s CHARLIE TUTOR LTD. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Cash $ 80,000 Accounts Receivable 15,600 Supplies 300 Equipment 10,000 Accumulated Depreciation: Equipment Accounts Payable Income Taxes Payable Share Capital Retained Earnings Dividends 4,000 Tutoring Revenue Earned Salary Expense 60,000 Supply Expense 4.800 Advertising Expense 300 Depreciation Expense: Equipment 1,000 Income Taxes Expense 0 5.000 1,500 3,500 25,000 74,900 66,100 $176,000 176,000 Requirements: (1) Prepare an income statement for the year ended December 31, 2020. (Note: Record all expenses in descending order.) (2) Prepare a statement of changes in equity for the year ended December 31, 2020. (3) Prepare the company's statement of financial position dated December 31, 2020. (Note: Record al assets in liquidity order.) (4) Prepare the closing entries at December 31, 2020. (5) Prepare the after-closing trial balance at December 31, 2020