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The December 31, 2021, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2021) follows Credit Number 101 106 126

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The December 31, 2021, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2021) follows Credit Number 101 106 126 128 131 163 164 167 168 Debit $ 51,235 4,868 610 1,665 780 9,000 $450 28,400 201 1,275 1,500 440 1,600 68,000 es 210 236 301 302 483 Account Titte Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office 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 38,989 612 613 623 637 640 652 655 7,500 450 1,275 3,250 555 2,340 3,435 2,698 798 230 1.165 676 677 684 901 $ 112,254 $ 112,254 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 $68,000 this period, 3. Prepare a classified balance sheet as of December 31, 2021. a 4. Record the closing entries as of December 31, 2021 5. Prepare a post-closing trial balance as of December 31, 2021

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