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Can you point out what I am missing from my financial statements? the program isn't marking it:( thank you in advance!! The adjusted trial balance

Can you point out what I am missing from my financial statements? the program isn't marking it:( thank you in advance!!

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The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 31 Number Account Title Debit Credit 101 Cash $ 5,500 126 Supplies 31,500 128 Prepaid insurance 7,300 167 Equipment 40,000 168 Accumulated depreciation-Equipment $ 20,000 173 Building 177,000 174 Accumulated depreciation-Building 59,000 183 Land 54,020 201 Accounts payable 15,500 203 Interest payable 2,400 208 Rent payable 3,200 210 Wages payable 2,100 213 Property taxes payable 700 236 Unearned revenue 14,900 251 Long-term notes payable 63,500 301 0. Tybalt, Capital 127,000 302 0. Tybalt, withdrawals 11,700 404 Services revenue 101,600 406 Rent revenue 15,000 409 Interest revenue 4,400 606 Depreciation expense-Building 12,980 612 Depreciation expense-Equipment 6,000 623 Wages expense 49,900 633 Interest expense 4,000 637 Insurance expense 9,700 640 Rent expense 10,500 652 Supplies expense 5,500 683 Property taxes expense 3,100 Totals $ 428,700 $ 428,700 Oro Tybalt Invested $5,500 cash in the business during the year. The O. Tybalt, Capital account balance was $121,500 on December 31 of the prior year. Required: 1a. Prepare the income statement for the current year ended December 31. 1b. Prepare the statement of owner's equity for the current year ended December 31. 1c. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 10 Required 2 Prepare the income statement for the current year ended December 31. TYBALT CONSTRUCTION Income Statement For Year Ended December 31 Revenues Services revenue $ 101,000 Rent revenue 15,000 Interest revenue 4,400 > S 120,400 12,980 Total revenues Expenses Depreciation expenseBuilding Depreciation expense-Equipment Wages expense Interest expense Insurance expense Rent expense Supplies expense Property taxes expense 6,000 49.900 OOOOO 4,000 9,700 OO 10,500 5,500 3.100 Total expenses 101,680 Net income > S 18,720 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 10 Required 2 Prepare the statement of owner's equity for the current year ended December 31. TYBALT CONSTRUCTION Statement of Owner's Equity For Year Ended December 31 O. Tybalt, Capital, December 31 prior year S 121,500 Add: Investments by owner S 5,500 Add: Net income 127,000 Less: Withdrawals by owner 11,700 0. Tybalt, Capital, December 31 current year S 115,300 TYBALT CONSTRUCTION Balance Sheet December 31 Assets > S Current assets Cash Supplies Prepaid insurance 5,500 31,500 7.300 S 44,300 40,000 (20,000) 20,000 177,000 (59,000) 118,000 S Total current assets Plant assets Equipment Accumulated depreciation-Equipment Building Accumulated depreciationBuilding Land Total plant assets Total assets Liabilities Current liabilities Accounts payable Interest payable Rent payable Wages payable Property taxes payable Unearned revenue 54,020 192,020 236,320 15,500 2.400 3.200 2,100 700 14,900 S 38,800 Total current liabilities Long-term liabilities Long-term notes payable Total liabilities 63,500 102,300 Equity 134,020 O. Tybalt, Capital Total liabilities and equity S 236,320 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 10 Required 2 Prepare the necessary closing entries at December 31 of the current year. NO Date General Journal Debit Credit 1 Dec 31 101,000 15,000 Services revenue Rent revenue Interest revenue Income summary 4,400 120,400 2 Dec 31 101,680 Income summary Depreciation expenseBuilding Depreciation expense-Equipment Wages expense Interest expense Insurance expense Rent expense Supplies expense Property taxes expense 12.980 6,000 49,900 4,000 9,700 10,500 5,500 3,100 3 Dec 31 Income summary 18,720 O. Tybalt, Capital 18,720 4 Dec 31 11,700 0. Tybalt, Capital O. Tybalt, Withdrawals 11,700

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