When Adam was a sophomore in college, he started thinking about finding work opportunities before and after graduation. He began speaking with his professors more and got an internship near campus. In addition, Adam attended many job fairs on campus, even when he wasn't actively seeking employment, and kept in touch with the people he met. Developing these relationships over time is called The adjusted trial balance of Karise Repairs on December 31 follows. Note: Retained Earnings account balance was $36,000 on December 31 of the prior year. Required: 1a. Prepare an income statement for the year. 1b. Prepare a statement of retained earnings for the year. 1c. Prepare a classified balance sheet at December 31. 2. Prepare the December 31 closing entries