Number 101 124 128 167 168 201 210 301 302 403 612 623 637 640 650 690 KARISE REPAIRS Adjusted Trial Balance December 31 Account Title Cash Office supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable Wages payable c. Karise, Capital C. Karise, Withdrawals Services revenue Depreciation expense-Equipment Wages expense Insurance expense Rent expense Office supplies expense Utilities expense Totals Debit Credit $ 14,000 1,300 2,050 50,000 $ 5,000 14,000 600 33,000 16,000 90,950 5,000 37,500 800 10,600 3,600 2,700 $ 143,550 $ 143,550 Note: C. Karise, Capital account balance was $33,000 on December 31 of the prior year, and there were no owner investments during the year. Required: 1a. Prepare an income statement for the year. 1b. Prepare a statement of owner's equity for the year. 1c. Prepare a classified balance sheet at December 31. 2. Prepare the December 31 closing entries