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The accounting records of LeClaire Delivery Services show the following assets and liabilities as of the end of 2023 and 2022 : During December 2023

image text in transcribedimage text in transcribedimage text in transcribed The accounting records of LeClaire Delivery Services show the following assets and liabilities as of the end of 2023 and 2022 : During December 2023 the owner, Jess LeClaire, purchased a small office building and moved the business from rented quarters to the new building. The building and the land it occupies cost $112,500. The business paid $60,000 in cash and a note payable was signed for the balance. LeClaire had to invest $17,500 cash in the business to enable it to pay the $60,000. The business earned a Profit during 2023, which enabled LeClaire to withdraw $1,500 per month from the business for personal expenses. Required: 1-a. Prepare balance sheet for the business as of the end of 2022. 1-b. Prepare balance sheet for the business as of the end of 2023 2. Prepare a calculation to show how much profit was earned by the business during 2023 . 2. Prepare a calculation to show how much profit was earned by the business during 2023. Analysis Component: Compare the increase in assets from December 31,2022 , to December 31,2023 , and complete the followina table

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