The adjusted trial balance of Karise Repairs on December 31 follows. KARISE REPAIRS Adjusted Trial Balance December 31 Number Account Title 101 Cash 124 office supplies 128 Prepaid insurance 167 168 201 Equipment Accumulated depreciation-Equipment Accounts payable 210 Wages payable 307 Common stock 318 Retained earnings 319 Dividends 403 Services revenue 612 Depreciation expense-Equipment 623 Wages expense 637 Insurance expense 640 Rent expense 650 Office supplies expense I Totals Debit Credit $ 126,000 2,000 2,900 58,000 $ 5,800 14,500 600 15,000 39,000 17,500 200,600 5,800 42,000 700 13,000 3,300 4,300 690 Utilities expense $ 275,500 $ 275,500 Note: Retained Earnings account balance was $39,000 on December 31 of the prior year. Required: 1a. Prepare an income statement for the year. 1b. Prepare a statement of retained earnings for the year 1c. Prepare a classified balance sheet at December 31 2. Prepare the December 31 closing entries..