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

Number	Account Title	Debit	Credit
101	Cash	$ 51,001
106	Accounts receivable	5,468
126	Computer supplies	630
128	Prepaid insurance	1,665
131	Prepaid rent	725
163	Office equipment	8,800
164	Accumulated depreciationOffice equipment		$ 440
167	Computer equipment	22,000
168	Accumulated depreciationComputer equipment		1,375
201	Accounts payable		1,200
210	Wages payable		440
236	Unearned computer services revenue		2,000
301	S. Rey, Capital		64,000
302	S. Rey, Withdrawals	7,900
403	Computer services revenue		44,759
612	Depreciation expenseOffice equipment	440
613	Depreciation expenseComputer equipment	1,375
623	Wages expense	3,450
637	Insurance expense	555
640	Rent expense	2,175
652	Computer supplies expense	3,215
655	Advertising expense	2,678
676	Mileage expense	792
677	Miscellaneous expenses	190
684	Repairs expenseComputer	1,155
901	Income summary		0
	Totals	$ 114,214	$ 114,214

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 $64,000 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.

BUSINESS SOLUTIONS Balance Sheet December 31, 2021 Assets Current assets \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ BUSINESS SOLUTIONS } \\ \hline \multicolumn{2}{|c|}{ Statement of Owner's Equity } \\ \hline For Three Months Ended December 31, 2021 \\ \hline S. Rey, Capital, October 1, 2021 & \\ \hline & \\ \hline & \\ \hline & \\ \hline S. Rey, Capital, December 31, 2021 & \\ \hline \end{tabular} Journal entry worksheet Record the entry to close the revenue account(s). Note: Enter debits before credits. BUSINESS SOLUTIONS Income Statement For Three Months Ended December 31, 2021