Prepare the necessary closing entries on December 31, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. 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 entrles 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. Prepare a classified balance sheet as of December 31, 2024. Complete this question by entering your answers in the tabs below. Prepare the necessary closing entries on December 31, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits