The December 31, 2021, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2021) follows Number 101 106 126 128 131 163 264 167 168 201 210 236 301 302 403 612 613 623 637 640 652 655 676 677 684 901 Account Title Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent ottice equipment Accumulated depreciation office equipment Computer equipment Accumulated depreciation Computer equipment Accounts payable Wages payable Unearned computer services revenue S. Rey, Capital S. Rey, Withdrawals Computer services revenue Depreciation expense-office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Income summary Totals Debit Credit $ 51,948 4,868 660 1,620 725 8,100 $ 405 20,000 1,250 1,400 480 2,200 65,000 7.100 40,234 405 1,250 3,375 540 2.175 3,285 2,683 870 180 1,185 0 $ 110,969 $ 110,969 Required: 1. Prepare an income statement for the three months ended December 31, 2021. 2. 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 $65,000 this period. 3. Prepare a classified balance sheet as of December 31, 2021. 4. Record the closing entries as of December 31, 2021. 5. Prepare a post-closing trial balance as of December 31, 2021. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare an income statement for the three months ended December 31, 2021. BUSINESS SOLUTIONS Income Statement For Three Months Ended December 31, 2021 Revenue Accounts receivable Computer supplies + Expenses Total expenses Net income s Oo $