please explain step by step

The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below Credits Debits 17.30 340,000 14, eee 53, see 638, eee Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 262.ee 76,00 69,00 7.7ee 2,3ee 400,00 160,000 778,888 462,000 115,500 42,000 63. Bee 4,6ee 5,600 1,747,000 1,747,600 Required: 1-a. Prepare an income statement for the year ended December 31, 2021 1-b. Prepare a classified balance sheet as of December 31, 2021 2. Prepare the necessary closing entries at December 31, 2021