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Complete this question by entering your answers in the tabs below. Prepare 2 income statement for the year. Required: 1a. Prepare an income statement for the year. 1b. Prepare a statement of owner's equity for the year. 1c. Prepare a classified balance sheet at December 31. 2. Prepare the December 31 closing entries. Complete this question by entering your answers in the tabs below. Prepare a statement of owner's equity for the year. Prepare the December 31 closing entries. Journal entry worksheet Record the entry to close the revenue account(s). Note: Enter debits before credits. The adjusted trial balance of Karise Repairs on December 31 follows. Note: C. Karise, Capital account balance was $39,000 on December 31 of the prior year, and there were no owner investr the year. Required: 1a. Prepare an income statement for the year. 1b. Prepare a statement of owner's equity for the year. 1c. Prepare a classified balance sheet at December 31. 2. Prepare the December 31 closing entries. Complete this question by entering your answers in the tabs below