apters 1-5) (P 3-7) ( va. 623 Wages expense 42,100 633 Interest expense 4,200 637 Insurance expense 8,460 649 Ment expense 13,000 652 Supplles expense 5,100 683 Property taxes expense 4,900 Totals $422,800 $422,860 The Retained Earnings account balance was $121,100 on December 31 of the prior year. Required: 10. 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 . c. Prepare the classified balance sheet at December 31 of the current year. 2. Prepare the necessary closing entries at December 31 of the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Required