Solid Footing Financial Statements - In Class Assignment Using the Pre-Closing Trial Balance The following is Purple Co.'s Pre-Closing Trial Balance as of December 31, 2023. Purple Co. operates on a monthly accounting period. Using the above trial balance, complete the following: 1. Calculate the Net Income that would show on the Income Statement. 2. Calculate the Total Assets on the Balance Sheet. 3. Calculate the Total Liabilities on the Balance Sheet. 4. Calculate the Total Owners' Equity on the Balance Sheet. 5. Prepare the closing entries as they would appear in the general journal