The adjusted trial balance of Karise Repairs on December 31, 2017, follows. KARISE REPAIRS Adjusted Trial Balance December 31, 2017 Account Title Debit Credit No . 101 Cash 124 Office supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 201 Accounts payable 210 Wages payable 301 C. Karise, Capital 302 C. Karise, Withdrawals 401 Repair fees earned 612 Depreciation expense-Equipment 623 Wages expense 637 Insurance expense 640 Rent expense 650 office supplies expense 690 Utilities expense $ 74,000 1,700 2,700 52,000 $ 5,200 15,500 700 31,000 19,500 165,900 5,200 40,000 1,200 14,500 3,700 3,800 Totals $218,300 218,300 Assume there are no owner investments in 2017 637 Insurance expense 640 Rent expense 650 Office supplies expense 690 Utilities expense 1,200 14,500 3,700 3,800 Totals $218,300 $218,300 Assume there are no owner investments in 2017 Required: 1a. Prepare an income statement for the year 2017. 1b. Prepare a statement of owner's equity for the year 2017 1c. Prepare a classified balance sheet at December 31, 2017 2. Complete the work sheet using the adjusted trial balance in the first two columns of a six-column table. Use columns three and four for closing entry information and the last two columns for a post-closing trial balance. 3. Using information from the work sheet in Requirement 2, prepare the appropriate closing entries Complete this question by entering your answers in the tabs below Required 1A Required 1B Required 1C Required 2 Required 3 -column table. Use columns three and four for closing entry Complete the work sheet using the adjusted trial balance in the first two columns of a six information and the last two columns for a post-closing trial balance. KARISE REPAIRS Partial Work Sheet For Year Ended December 31, 2017 Closing Adjusted Prey 2012 ll Partial Work Sheet For Year Ended December 31, 2017 Adjusted Trial Balance Closing Entry Information Post-Closing Trial Balance No. Account Title Dr. Cr. Dr Cr. Dr. Cr. 101 Cash 24 Office supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 201 Accounts payable 210 Wages payable 301 C. Karise, Capital 302 C. Karise, Withdrawals 401 Repair fees eaned 612 Depreciation expense-Equipment 623 Wages expense 637 Insurance expense $74,000 1,700 2,700 52,000 $5,200 15,500 700 31,000 19,500 165,900 5,200 40,000 1,200 14,500 3,700 3,800 640 Rent expense 650 Office supplies expense 690 Utilities expense 901 Income summary $218,300 218,300 Total Prey 2012 Next