The following amounts represent the adjusted trial balance for the JJ Grifter Co.
	at the company's year end December 31, 2022:
				Dr.	Cr.
	Accounts Payable				228,500
	Accounts Receivable			289,700
	Accrued Expenses Payable				16,000
	Accumulated Depreciation - Building				340,700
	Advertising Expense			155,200
	Building			640,320
	Capital - JJ Grifter, Jan. 1, 2022				100,000
	Cash			166,400
	Depreciation Expense			16,500
	Drawing			58,900
	Fees Earned				897,500
	Interest Expense			24,500
	Interest payable				1,200
	Land			50,000
	Note Payable - due January 30, 2026				364,320
	Prepaid Advertising			8,400
	Prepaid Rent			7,800
	Equipment Rental Expense			58,000
	Rental Income				79,200
	Salary expense			424,000
	Salaries payable				6,400
	Supplies			12,500
	Supplies Expense			58,200
	Telephone Expense			19,900
	Unearned Fees				17,800
	Utilities expense			61,300
				2,051,620	2,051,620
					-
	Instructions - Prepare:
	a	An Income Statement for the year ended Dec. 31, 2022
	b	A Statement of Owner's Equity for the year ended
		December 31, 2022 (there were no investments in 2022)
	c	A classified Balance Sheet as of December 31, 2022
	d	The necessary closing entries