JULIA'S COMPANY Work Sheet For the Year Ended December 31, 2022 Account Titles Income Statement Dr Cr Balance Sheet Dr. Cr Cash Accounts Receivable Merchandise Inventory Prepaid Insurance Land Building Accum. Deprec., Building Equipment Accum. Deprec.. Equipment Mortgage payable (due in 2025) Notes payable (due in 2022) Accounts Payable Interest Payable Julia Ann, Capital Julia Ann, Drawing Sales Sales Returns and Allowances Sales Discounts Cost of Goods Sold Freight-out Advertising Expense Salaries Expense Utilities Expense Rent Expense Depreciation Expense - Building Depreciation Expense - Equipment Insurance Expense Interest Expense Loss on Sale of Equipment Interest Income Totals Net income Totals Adjusted Trial Balance Dr. Cr $ 14,500 11.100 29.000 2.500 20,000 50.000 10.000 25,000 8.000 20,000 5,000 10.300 300 81.000 12,000 538.300 6,700 5,000 363.400 7,600 12.000 56,000 18,000 24,000 6,000 3,000 4,500 3.000 600 1,000 $ 673,900 $ 673,900 Instructions a. Complete the worksheet. b. Prepare a multi-step Income Statement c. Prepare an Owner's Equity Statement d. Prepare a classified Balance Sheet. le. Prepare closing entries