Please be sure to do all parts

Exercise 2-12 (Algo) 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. Prebare an income statement for the vear ended December 31,2024. Dranara a claccifiad halanca chant ar of naramhar 21 on 1 Prepare the necessary closing entries on December 31,2024. Note: If no entry is required for a transaction/event, select "No j 1 Record the entry to close the revenue accounts. 2 Record the entry to close the expense accounts