The following account balances, among others, appeared in the adjusted trial balance of Cortes Painting Contractors at December 31, 2001. Cortes closes its book annually at December 31. E. Cortes Capital (Dec. 31, 2000) ..................................$ 157,200 E. Cortes Drawing ...................................................... 18,000 Painting Fees Earned................................................... 103,300 Paint and supplies Expense ............................................. 27,500 Salaries Expense ......................................................... 66,800 Rent Expense ............................................................ 24,800 Requirement: a. Prepare an income statement and statement of owner's equity from the above data. b. Using the data given above, Record four closing entries to close the temporary accounts at December 31. 2001