Exercise 2-12 (Static) Financial statements and closing entries [LO2-7, 2-8] The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Required: 1-a. Prepare an income statement for the year ended December 31, 2024. 1-b. Prepare a classified balance sheet as of December 31, 2024. 2. Prepare the necessary closing entries on December 31, 2024. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year ended December 31, 2024. Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet as of December 31, 2024. Note: Amounts to be deducted should be indicated by a minus sign. Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits