Seve The adjusted trial balance for Tybalt Construction as of December 31, 2018 follows: tredit Debit $ 7,500 22.00 9,260 8,600 55,000 162.000 54,000 64,470 TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2018 Account Title 101 Cash 104 Short-tere investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 173 Building 174 Accumulated depreciation-building 183 Land 201 Accounts payable 203 Interest payable 203 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned professional fees 251 Long-tere notes payable 307 Common stock 318 Retained earnings, December 31, 2017 319 Dividends 401 Professional fees earned 406 Rent earned 407 Dividends earned 409 Interest earned 606 Depreciation expense-Building 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 Supplies expense 682 Postage expense 603 Property taxes expense 654 Repairs expense 668 Telephone expense 690 Utilities expense Totals 16,000 2.000 3,200 2,700 900 7.100 69,500 7.500 123,300 12,600 103,000 17.500 2,200 2.800 11,880 27,500 3,500 9,400 12,300 5,700 2,200 3.700 6,900 2.300 3,709 5439,200 5419,200 The December 31, 2017 credit balance of the Retained Earnings account was 5123.300 Tybalt Constructions required to make a $7000 payment on its long-term notes payable during 2019 earned 409 Interest earned 686 Depreciation expense-Building 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 Supplies expense 682 Postage expense 683 Property taxes expense 684 Repairs expense 688 Telephone expense 690 Utilities expense Totals 17,500 2,200 2,800 11,880 8,250 27,500 3,500 9,400 12,300 5,700 2,200 3,700 6,900 2,800 3,700 5439,200 $439,200 The December 31, 2017, credit balance of the Retained Earnings account was $123 300 Tybalt Construction is required to make a $7,000 payment on its long-term notes payable during 2019, Required: 10. Prepare the income statement for the calendar year 2018 1b. Prepare the statement of retained earnings for the calendar.year 2018 1c. Prepare the classified balance sheet at December 31, 2018 2. Prepare the necessary closing entries at December 31, 2018 3. Use the information in the financial statements to compute the following ratios Reg 1A Reg 13 Reg ic Reg 2 Reg 3 Prepare the income statement for the calendar year 2018 LOSTERON income Statement Emb31.2018 Revenues 0 Expenses Total expense Earnings account was $ $7,000 payment on its long-term notes payable during 2019. Required: 1a. Prepare the income statement for the calendar-year 2018 1b. Prepare the statement of retained earnings for the calendar-year 2018 1c. Prepare the classified balance sheet at December 31, 2018 2. Prepare the necessary closing entries at December 31, 2018 3. Use the information in the financial statements to compute the following ratio Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 2 Req3 Prepare the statement of retained earnings for the calendar year 2018. TYBALT CONSTRUCTION Statement of Retained Earnings For Year Ended December 31, 2018 Retained earnings, Dec. 31, 2017 0 Retained earnings, Dec 31, 2018 S Prou $ 0 0 0 $ 0 0 S 0 0 0 0 $ 0 Reg 1A Reg 1B Req 10 Reg 2 Reg 3 Prepare the necessary closing entries at December 31, 2018. View transaction list Journal entry worksheet Required to Prepare the income statement for the calendar year 2018 1b. Prepare the statement of retained earnings for the calendar year 2018 te. Prepare the classified balance sheet at December 31, 2018 2. Prepare the necessary closing entries at December 31, 2018 3. Use the information in the financial statements to compute the following ratios Red LA Reg 13 Regic Reg 2 Reg 3 Prepare the necessary closing entnes at December 31, 2018 Journal entry worksheet Reg LA Reg 1B Req IC Reg 2 Reg 3 Prepare the necessary closing entries at December 31, 2018 View transaction list Journal entry worksheet Complete this question by entering with a Red LA RIC Use the information in the financial statements to compute the following ratio Numero Denon Rauman total Debatt Numerator Denominator Debate Debrate Profit margin ratio (use total revenues as the Numerator: Denominator: 1 Profit margin (d) Current ratio Numerator Denominator Current (Reg 2