The accounting records of LeClaire Delivery Services show the following assets and liabilities as of the end of 2023 and 2022 : During December 2023 the owner, Jess LeClaire, purchased a small office building and moved the business from rented quarters to the new building. The building and the land it occupies cost $112,500. The business paid $60,000 in cash and a note payable was signed for the balance. LeClaire had to invest $17,500 cash in the business to enable it to pay the $60,000. The business earned a Profit during 2023, which enabled LeClaire to withdraw $1,500 per month from the business for personal expenses. Required: 1-a. Prepare balance sheet for the business as of the end of 2022. 1-b. Prepare balance sheet for the business as of the end of 2023 2. Prepare a calculation to show how much profit was earned by the business during 2023 . 2. Prepare a calculation to show how much profit was earned by the business during 2023. Analysis Component: Compare the increase in assets from December 31,2022 , to December 31,2023 , and complete the followina table
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