The adjusted trial balance $($ATB tab$)$ is for Salah Construction Company as of December $31,2020.$ The January $1,2020$ credit balance for the Owner's Capital account was $46,900$ ; and the owner invested $$40,000$ cash in the Company during. the $2020$ year.

REQUIRED:

Prepare the income statement $($IS Tab$)$ and the statement of owner's equity $($SOE Tab$)$ for the year ended December $31,2020$ and the classified balance sheet $($BS Tab$)$ at December $31,2020.$

Using information from the ATB Tab, journalize the closing entries $($CE Tab$).$