The adjusted trial balance of Karise Repairs on December 31 follows. Note: C. Karise, Capital account balance was $36,000 on December 31 of the prior year, and there owner investments during the year. Required: 1a. Prepare an income statement for the year. 1b. Prepare a statement of owner's equity for the year, 1c. Prepare a classified balance sheet at December 31. 2. Prepare the December 31 closing entries. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Prepare a statement of owner's equity for the year. Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet at December 31 . Complete this question by entering your answers in the tabs below. Prepare the December 31 closing entries. Journal entry worksheet Record the entry to close the revenue account(s). Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare the December 31 closing entries. Journal entry worksheet Record the entry to close the expense account(s). Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare the December 31 closing entries. Journal entry worksheet Record the entry to close the Income summary account. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare the December 31 closing entries. Journal entry worksheet Record the entry to close the withdrawals account. Note: Enter debits before credits