Saved Chapter 2, Assignment 1 4 Debits Credits Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest payable 38,800 310,eee 11,000 46,000 12.5 560,000 polnts 234,e00 64,000 48,000 7,100 1,600 400,000 130,000 710,000 Skipped Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense eBook Hint 426,000 106,500 33,000 56,000 3,200 4,200 Print Rent expense Depreciation expense Interest expense Advertising expense References Totals 1,594,700 1,594,700 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 Comnlate this auestion hu enterina vour answers in the tahs helnw