credit Dabit 12,00 150, eea 6, eee 30,000 400, ee $ Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue salaries Expense Rent Expense Depreciation Expense Interest Expense Totals 135,000 12,088 11,000 5,000 4e, eee 300,000 60 de 500,000 480,000 28,8 40,000 5,000 $1,863,00 $1,063,00 Required: 1. Prepare an income statement for the year ended December 31, 2021. FIGHTIN BLUE HENS CORPORATON Income Statement For the Year Ended December 31, 2021 Expenses & Total expenses Saved emework Laker Incorporated's fiscal year-end is December 31, 2021. The following is an a Credit Debit $ 12,eee 39,000 3e, eee $ Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings bividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Totals 3, eee 30, eee 49,eee 9,000 4, eee 54,900 ze, eee 13e 10,000 8, Bee $136,800 $136, eee Required: 1. Prepare the necessary closing entries. (if no entry is required for a particular Required" In the first account field.) View transaction list Journal entry worksheet 2 3 Record the entry to close the revenue accounts. Note: Enter debits before credits