.. Verizon LTE 12:42 AM @ 18% CH4 HW The completed financial statement columns of the worksheet for Ivanhoe Company are shown as follows: Ivanhoe Company Worksheet For the Year Ended December 31, 2020 18 !!! Depreciation Incepe 10 . SO 60.500 60.500 Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) IVANHOE COMPANY Income Statement Prepare owner's equity statement. (List items that increase owner's equity first.) IVANHOE COMPANY Owner's Equity Statement .. Verizon LTE 12:42 AM @ 18% CH4 HW Prepare owner's equity statement. (List Items that increase owner's equity first) IVANHOE COMPANY Owner's Equity Statement Prepare a classified balance sheet. (List Current Assets in order of liquidity.) IVANHOE COMPANY Balance Sheet Liabilities and Owner's Equity Prepare the closing entries. L. Ivanhoe did not make any additional investments during the year. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) .. Verizon LTE 12:43 AM @ 18% x CH4 HW Liabilities and Owner's Equity Prepare the closing entries. L. Ivanhoe did not make any additional investments during the year. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Post the closing entries and balance the accounts. (Post entries in the order of journal entries presented in the previous part.) O 'Drawing u Verizon LTE @ 18% 12:43 AM CH4 HW Post the closing entries and balance the accounts. (Post entries in the order of journal entries presented in the previous part.) Owner's Capital Owner's Drawings Income Summary Maintenance and Repairs Expense Depreciation Expense Insurance Expresse No. 722 Salaries and Wages Expense No. 726 Utilities Expense Prepare a post-closing trial balance. IVANHOE COMPANY Post-Closing Trial Balance