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The adjusted trial balance of Karise Repairs on December 31 follows. Note: C. Karise, Capital...

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Accounting

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The adjusted trial balance of Karise Repairs on December 31 follows. Note: C. Karise, Capital was $33,000 on December 31 of the prior year. Required: 1a. Prepare an income statement for the year. 1b. Prepare a statement of changes in equity for the year. 1c. Prepare a classified balance sheet at December 31. 2. Complete the work sheet using the adjusted trial balance in the first two columns of a six-column table. Use columns three and four for closing entry information and the last two columns for a post-closing trial balance. 3. Using information from the work sheet in Requirement 2, prepare the appropriate closing entries

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