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Malibu Corporation's fiscal year-end is December 31, 2024. The following is a partial listing of adjusted account balances as of December 31. Required: 1. Based on the information above, prepare the Income Statement for Malibu Corporation for December 31, 2024. 2. Transfer balances of temporary accounts to Retained Earnings and calculate its ending balance. Complete this question by entering your answers in the tabs below. Based on the information above, prepare the Income Statement for Malibu Corporation for December 31, 2 Required: 1. Based on the information above, prepare the Income Statement for Malibu Corporation for December 31, 2024. 2. Transfer balances of temporary accounts to Retained Earnings and calculate its ending balance. Complete this question by entering your answers in the tabs below. Transfer balances of temporary accounts to Retained Earnings and calculate its ending balance. Note: Amounts to be deducted should be indicated with a minus sign