Required:

1. Prepare an income statement for the three months ended December 31, 2021.
2. Prepare a statement of owner's equity for the three months ended December 31, 2021. Hint. The S. Rey, Capital account balance was $0 on October 1, and owner investments were $73,000 this period.
3. Prepare a classified balance sheet as of December 31, 2021.
4. Record the closing entries as of December 31, 2021.
5. Prepare a post-closing trial balance as of December 31, 2021.

The December 31, 2021, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2021) follows. Required: 1. Propare an income statement for the three months ended December 31, 2021. 2. Prepare a statement of owner's equity for the three months ended December 31, 2021. Hint. The S. Rey. Capital account balance was $0 on October 1, and owner investments were $73,000 this period. 3. Prepare a classified balance sheet as of December 31,2021 . 4. Record the closing entries as of December 31, 2021. 5. Prepare a post-closing trial balance as of December 31,2021. Prepare an income statement for the three months ended December 31, 2021. Prepare a statement of owner's equity for the three months ended December 31, 2021. Hint: The S. Rey, Capital account balance was $0 on October 1 , and owner investments were $73,000 this period. Prepare a classified balance sheet as of December 31.2021. Record the closing entries as of December 31, 2021. Journal entry worksheet Record the entry to close the revenue account(s). Note: Enter debits before credits. Prepare a post-closing trial balance as of December 31, 2021. Note: The accounts should be listed in account number order