The adjusted trial balance of Karise Repairs on December 31 follows. KARISE REPAIRS Adjusted Trial Balance December 31 Account Title Debit Credit No 181 Cash $58,eee 124 office supplies 128 Prepaid insurance 167 Equipnent 168 Accumulated depreciation-Equipment 281 Accounts payable 21e Wages payable 381 c. Karise, Capital 382 C. Karise, Withdrawals 481 Repair fees earned 612 Depreciation expense-Equiprent 623 Wages expense 637 Insurance expense 648 Rent expense 65e office supplies expense 698 Utilitics expense 1,1ee 2,700 55,0ee $ 5,see 12,5ee 1,28e 31,00e 18,eee 155,18e 5,5ee 48,eee 1.48e 15,5ee 3,88e 4,380 $2es,38e $2es,300 Totals Note: C. Karise, Capital was $31,000 on December 31 of the prior year. Required: a. 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 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 1B Required 2 Required 1A Required 1C Required 3 Prepare an income statement for the year. KARISE REPAIRS Income Statement For Year Ended December 31 Revenues Expenses Total expenses 0 S 0