The adjusted trial balance of Karise Repairs on December 31, 2013, follows. KARISE REPAIRS Adjusted Trial Balance December 31, 2013 No. Account Title Debit Credit $ 14,000 1,300 2,050 50,000 $ 5,000 14,000 600 33,000 101 124 128 167 168 201 210 301 302 401 612 623 637 640 650 690 Cash ..................... Office supplies............... Prepaid insurance ............ Equipment ............. .. Accumulated depreciation-Equipment ........ Accounts payable ......... Wages payable ....... C. Karise, Capital ................ C. Karise, Withdrawals ............. Repair fees earned ............. Depreciation expense Equipment ............ Wages expense .... Insurance expense ........ Rent expense ... Office supplies expense .. Utilities expense.... Totals 16,000 90,950 5,000 37,500 800 10,600 3,600 2.700 $143,550 $143.550 Required 1. Prepare an income statement and a statement of owner's equity for the year 2013, and a classified to ance sheet at December 31, 2013. There are no owner investments in 2013. 2. Enter the adusled trial balance in the first two columns of a six-column table. Use columns three four for closing entry information and the last two columns for a post-closing trial balance. Insert Inconte Summary account as the last item in the trial balance. 3. Enter closing entry information in the six-column table and prepare journal entries for it. Analysis Component 4. Assume for this part only that None of the S800 insurance expense had expired during the year. Instead, assume it is a prepay ment of the next period's insurance protection