M4-14 through M4-17 (Algo) Reporting an Income Statement, Reporting a Statement of Retained Earnings, Reporting a Balance Sheet and Recording Closing Journal Entries [LO 4-4, LO 4-5] [The following information applies to the questions displayed below.] The Sky Blue Corporation has the following adjusted trial balance at December 31. M4-17 (Algo) Required: 'repare closing journal entries on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" the first account field.)