Required: 1a. Prepare an income statement for the year. 1b. Prepare a statement of retained earnings for the year. 1c. Prepare a classified balance sheet at December 31 . 2. Prepare the December 31 closing entries. Complete this question by entering your answers in the tabs below. Prepare the December 31 closing entries. 1a. Prepare an income statement for the year. 1b. Prepare a statement of retained earnings for the year. 1c. Prepare a classified balance sheet at December 31. 2. Prepare the December 31 closing entries. Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet at December 31 . Note: Retained Earnings account balance was $36,000 on December 31 of the prior year. Required: 1a. Prepare an income statement for the year. 1b. Prepare a statement of retained earnings for the year. 1c. Prepare a classified balance sheet at December 31 . 2. Prepare the December 31 closing entries. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year. The adjusted trial balance of Karise Repairs on December 31 follows. Note: Retained Earnings account balance was $36,000 on December 31 of the prior year. Required: 1a. Prepare an income statement for the year. 1b. Prepare a statement of retained earnings for the year. 1c. Prepare a classified balance sheet at December 31. 2. Prepare the December 31 closing entries. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year