Adjusted Trial Balance December 31 Number Account Title 101 Debit Cash Credit 124 office supplies $14,000 128 Prepaid Insurance 1,500 167 2,050 Equipent 50,000 168 Accumulated depreciation-Equipment $5,000 201 Accounts payable 14,000 210 Wagen payable 000 301 C. Karise, Capital 33.000 302 C. Karise, withdrawals 16,000 403 Services revenue 90.950 612 Depreciation expost-Equipment 3.000 623 Wages expense 37.500 637 Insurance expense 300 Rent expense 10,600 650 Office supplier expense 3.000 utilities experts Totals 143,530 5 12:50 Note Karlse, Capital account balance was $33,000 on December 21 of me prior wear and there were no owner investments during the year Required: 1o. Prepore an income statement for me year 1bPrepare a statement of owners equity for the year 10. Prepare a classified balance sheet at December 31 2. Prepare the December 31 closing entries