the completed adjusted trial balance for Carla Vista Company is below. CARLA VISTA COMPANY Adjusted Trial Balance December 31, 2021 Account No. Account Titles Dr. Cr. 101 Cash 8,400 112 Accounts receivable 12,000 130 Prepaid insurance 3,800 157 Equipment 23,600 158 Accumulated depreciationequipment 3,100 201 Accounts payable 9,000 212 Salaries payable 3,300 301 L. Carla Vista, capital 20,700 306 L. Carla Vista, drawings 9,900 400 Service revenue 59,900 622 Repairs expense 400 711 Depreciation expense 3,100 722 Insurance expense 2,500 726 Salaries expense 29,800 732 Utilities Expense 2,500 Totals $96,000 $96,000 Prepare an income statement. CARLA VISTA COMPANY Income Statement For the Year Ended December 31, 2021 L. Carla Vista, Capital, December 31 L. Carla Vista, Capital $ $ $ eTextbook and Media Prepare a statement of owners equity. L. Carla Vista did not make any additional investments during the year. (List items that increase Owner's Equity first.) CARLA VISTA COMPANY Statement of Owner's Equity $ : : $ eTextbook and Media Prepare a classified balance sheet. L. Carla Vista did not make any additional investments during the year. (List Current Assets in the order of liquidity.) CARLA VISTA COMPANY Balance Sheet Assets $ $ : $ Liabilities and Owner's Equity $ $ eTextbook and Media Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close income summary) Dec. 31 (To close drawings) eTextbook and Media Post the closing entries and calculate the balance in each account. (Use T accounts.) Income Summary is account No. 350. (Post entries in the order of journal entries presented in the previous part. For balances ending in 0 select bal for the date and 0 for the amount for the normal balance of the account.) L. Carla Vista, Capital No. 301 L. Carla Vista, Drawings No. 306 Income Summary No. 350 Service Revenue No. 400 Repairs Expense No. 622 Depreciation Expense No. 711 Insurance Expense No. 722 Salaries Expense No. 726 Utilities Expense No. 732 eTextbook and Media Prepare a post-closing trial balance. (Do not list those accounts that have zero ending balance.) CARLA VISTA COMPANY Post-Closing Trial Balance Debit Credit $ $ Totals $ $

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