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

follows.

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 $$0$ on October $1,$ and owner investments were $$73,000$ 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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