The December 31, 2021, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2021) follows.

NumberAccount TitleDebitCredit

101Cash$ 51,459

106Accounts receivable4,468

126Computer supplies620

128Prepaid insurance1,665

131Prepaid rent795

163Office equipment8,800

164Accumulated depreciationOffice equipment $ 440

167Computer equipment20,400

168Accumulated depreciationComputer equipment 1,275

201Accounts payable 1,900

210Wages payable 460

236Unearned computer services revenue 2,300

301S. Rey, Capital 68,000

302S. Rey, Withdrawals6,900

403Computer services revenue 37,409

612Depreciation expenseOffice equipment440

613Depreciation expenseComputer equipment1,275

623Wages expense3,400

637Insurance expense555

640Rent expense2,385

652Computer supplies expense3,925

655Advertising expense2,573

676Mileage expense769

677Miscellaneous expenses160

684Repairs expenseComputer1,195

901Income summary 0

Totals$ 111,784$ 111,784

Required:

Prepare an income statement for the three months ended December 31, 2021.

Prepare a statement of owner's equity for the three months ended December 31, 2021. Hint: The S. Rey, Capital account balance was $0 on October 1, and owner investments were $68,000 this period.

Prepare a classified balance sheet as of December 31, 2021.

Record the closing entries as of December 31, 2021.

Prepare a post-closing trial balance as of December 31, 2021.

Complete this question by entering your answers in the tabs below. Prepare an income statement for the three months ended December 31,2021