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

101

Cash

$

14,000

124

Office supplies

1,300

128

Prepaid insurance

2,050

167

Equipment

50,000

168

Accumulated depreciationEquipment

$

5,000

201

Accounts payable

14,000

210

Wages payable

600

301

C. Karise, Capital

33,000

302

C. Karise, Withdrawals

16,000

401

Repair fees earned

90,950

612

Depreciation expenseEquipment

5,000

623

Wages expense

37,500

637

Insurance expense

800

640

Rent expense

10,600

650

Office supplies expense

3,600

690

Utilities expense

2,700

Totals

$

143,550

$

143,550

Assume there are no owner investments in 2013.

Required:

Assume there are no owner investments in 2013.
Required:
1.1	Prepare an income statement for the year 2013

1.2	Prepare a statement of owner's equity for the year 2013

1.3	Prepare a classified balance sheet at December 31, 2013.