177,200 font sale 3,5 The adjusted trial balance for Tybalt Construction on December 31 of the current year fo ows. TYBALT CONSTRUCTION Adjusted Trial Balance December Account Title Debit Credit 101 Cash 126 Suplies 31,700 128 Prepald Insurance 162 Equipment 48,00 168 Accumulated depreciation Equipment 173 $ 28, 174 red depreciation Building 193 Land 59,00 66,920 291 Accounts payable 203 15. see 20 Interest payable 2.232 19 payable 23 Property taxes payable 2,800 200 226 Uncanned revenue 251 14,100 Long are notes payable 307 SIR Common stock Retained 5,800 310 cavid % 125,50 12, 183 Savas revenue 123, 426 Rontrove 15, see 49 Interest revenue 586 Depreciation expense-Building 12,90 512 Depreciation expense-Equipment 5, 523 Was expense 44,00 533 Interest expense 4. 637 8,80 54 Rent expense 18, 552 Supplies expense 6,00 683 Property taxes expense 3,960 Totals $ 435,200 $ 435,200 63,50 Insurance po The Retained Esrnings account balance was $125,500 on December 31 of the prior year. Required: 1. Prepare the income statement for the current year ended December 31. 1b. Prepare the statement of retained earnings for the current year ended December 31. 10. Prepare the classified balance sheet st December 31 of the current year. 2. Prepare the necessary closing entries st December 31 of the current year Complete this question by entering your answers in the tabs below. Required 1Aquired 12 Raguired 10 2 | Prepare the income statement for the current year ended December 31. TYBALT CONSTRUCTION Income Statement For Year Ended December 31 Revenues Total revenues Expenses Total expenses