The following amounts represent the adjusted trial balance for the JJ Grifter Co. at the company's year end December 31, 2022: Accounts Payable Accounts Receivable Accrued Expenses Payable Accumulated Depreciation - Building Advertising Expense Building Capital - JJ Grifter, Jan. 1, 2022 Cash Depreciation Expense Drawing Fees Earned Interest Expense Interest payable Land Note Payable - due January 30, 2026 Prepaid Advertising Prepaid Rent Equipment Rental Expense Rental Income Salary expense Salaries payable Supplies Supplies Expense Telephone Expense Unearned Fees Utilities expense Dr. 289,700 \begin{tabular}{r|r|} \hline 16,000 \\ \hline 340,700 \\ \hline \end{tabular} 155,200 640,320 166,400 16,500 58,900 24,500 24,500 50,000 8,400 7,800 58,000 424,000 12,500 58,200 19,900 61,300 2,051,620 Cr. 228,500 16,000 340,700 100,000 \begin{tabular}{|r|r|r|} \hline & 2,051,620 & 2,051,620 \\ \hline \end{tabular} Instructions - Prepare: a An Income Statement for the year ended Dec. 31, 2022 b A Statement of Owner's Equity for the year ended December 31, 2022 (there were no investments in 2022) c A classified Balance Sheet as of December 31, 2022 d The necessary closing entries The following amounts represent the adjusted trial balance for the JJ Grifter Co. at the company's year end December 31, 2022: Accounts Payable Accounts Receivable Accrued Expenses Payable Accumulated Depreciation - Building Advertising Expense Building Capital - JJ Grifter, Jan. 1, 2022 Cash Depreciation Expense Drawing Fees Earned Interest Expense Interest payable Land Note Payable - due January 30, 2026 Prepaid Advertising Prepaid Rent Equipment Rental Expense Rental Income Salary expense Salaries payable Supplies Supplies Expense Telephone Expense Unearned Fees Utilities expense Dr. 289,700 \begin{tabular}{r|r|} \hline 16,000 \\ \hline 340,700 \\ \hline \end{tabular} 155,200 640,320 166,400 16,500 58,900 24,500 24,500 50,000 8,400 7,800 58,000 424,000 12,500 58,200 19,900 61,300 2,051,620 Cr. 228,500 16,000 340,700 100,000 \begin{tabular}{|r|r|r|} \hline & 2,051,620 & 2,051,620 \\ \hline \end{tabular} Instructions - Prepare: a An Income Statement for the year ended Dec. 31, 2022 b A Statement of Owner's Equity for the year ended December 31, 2022 (there were no investments in 2022) c A classified Balance Sheet as of December 31, 2022 d The necessary closing entries