PLEASE HELP I DO NOT GET THIS AT ALL. I'VE SCREENSHOTTED ALL THE INFO

***QUESTIONS***

1)

prepare and submit the following financial statements for the Tybalt Company:

The Income Statement

The Statement of Owners Equity

The Balance Sheet (using the given Adjusted Trial Balance)

2)

Prepare four (4) closing journal entries

Update the related T-account

The adjusted trial balance for Tybalt Construction as of December 31, 2017, follows. TYBALT CONSTRUCTION No. Account Title Debit Credit $ 5,000 23,000 8,100 7,000 40,000 101 Cash 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciationEquipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned professional fees 251 Long-term notes payable 301 O. Tybalt, Capital 302 O. Tybalt, Withdrawals 401 Professional fees earned 406 Rent earned 407 Dividends earned 409 Interest earned 606 Depreciation expense-Building 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expensoe 637 Insurance expense 640 Rent expense 652 Supplies expense 682 Postage expense 683 Property taxes expense 684 Repairs expense 688 Telephone expense 690 Utilities expense 20,000 150,000 50,000 55,000 16,500 2,500 3,500 2,500 900 7,500 67,000 126,400 13,000 97,000 14,000 2,000 2,100 11,000 6,000 32,000 5,100 10,000 13,400 7,400 4,200 5,000 8,900 3,200 4600 _ Totals $411,900 $411,900 O. Tybalt invested $5,000 cash in the business during year 2017 (the December 31,2016