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The December $31,2021,$ adjusted trial balance of Business Solutions $($reflecting its transactions from October through December of $2021)$ follows.

Number Account Title Debit Credit

$101$ Cash $ $51,809$

$106$ Accounts receivable $5,468$

$126$ Computer supplies $600$

$128$ Prepaid insurance $1,530$

$131$ Prepaid rent $730$

$163$ Office equipment $8,700$

$164$ Accumulated depreciation$$Office equipment $ $435$

$167$ Computer equipment $23,200$

$168$ Accumulated depreciation$$Computer equipment $1,450$

$201$ Accounts payable $1,400$

$210$ Wages payable $420$

$236$ Unearned computer services revenue $2,400$

$301$ S$.$ Rey, Capital $70,000$

$302$ S$.$ Rey, Withdrawals $7,800$

$403$ Computer services revenue $40,244$

$612$ Depreciation expense$$Office equipment $435$

$613$ Depreciation expense$$Computer equipment $1,450$

$623$ Wages expense $3,525$

$637$ Insurance expense $510$

$640$ Rent expense $2,190$

$652$ Computer supplies expense $3,445$

$655$ Advertising expense $2,733$

$676$ Mileage expense $759$

$677$ Miscellaneous expenses $180$

$684$ Repairs expense$$Computer $1,285$

$901$ Income summary $0$

Totals $ $116,349$ $ $116,349$

Required:

Prepare an income statement for the three months ended December $31,2021.$

Prepare a statement of owner's equity for the three months ended December $31,2021.$ Hint: The S$.$ Rey, Capital account balance was $$0$ on October $1,$ and owner investments were $$70,000$ this period.

Prepare a classified balance sheet as of December $31,2021.$

Record the closing entries as of December $31,2021.$

Prepare a post$-$closing trial balance as of December $31,2021.$

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