Note C. Karise, Capital account balance was $33,000 on December 31 of the prior year, and there were no owner investments during the year Required: 1a. Prepare an income statement for the year. 1b. Prepare a statement of owner's equity for the yeat. 1c. Prepare a classified balance sheet at December 31. 2. Prepare the December 31 closing entries. The adjusted trial balance of Karise Repairs on December 31 follows Note C. Karise, Capital account balance was $33,000 on December 31 of the prior year, and there were no owner investments during the yeat