Complete this question by entering your answers in the tabs below. The Retained Earnings account balance was $122,700 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 retained earnings for the current year ended December 31 . 1c. Prepare the classlfied 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. Prepare the statement of retained earnings for the current year ended December 31 . Complete this question by entering your answers in the tabs below. Prepare the income statement for the current year ended December 31. Complete this question by entering your answers in the tabs below. Prepare the necessary closing entries at December 31 of the current year. Journal entry worksheet Record the entry to close the revenue account(s). Note: Enter debits berore credits. Journal entry worksheet 4 Record the entry to close the Income summary account. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet 3 Note: Enter debits berore credits. Note: Enter debits before credits