The adjusted trial balance for Raintree Corporation for the year ended December 31, 20x2 is shown below. 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 Required: Debits Credits 60,400 265,000 6,500 38,000 480,000 202,000 46,000 24,000 6,300 800 400,000 85,000 630,000 378,000 94,500 19,500 48,000 1,600 2,600 1,394,100 1,394,100 1. Prepare an income statement for the year ended December 31, 20x2. 2. Prepare a classified balance sheet as of December 31, 20x2. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Prepare an income statement for the year ended December 31, 20X2.