The adjusted trial balance for Tybalt Construction as of December 31, 2019 follows 3:23 References TVHALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 Mio Account Title 101 Cash 104 Short-term investments 126 Supplies 12 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 21) Property taxes payable 233 Unearned professional fees 20 Current portion of long ters hote payable 251 Long-tere notes payable 301 0. Tybalt, Capital 302 O. Tybalt, withdrawals 401 Professional fees earned 406 Rent earned 407 Dividends earned 400 Interest earned 606 Depreciation expense-Building 612 Depreciation expense-Equipment 623 Waces expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 Supplies expense 682 Postage expense 683 Property taxes ense 684 Repairs expense 688 Telephone expense 690 utilities expense Totals Debit Credit $5,000 23,000 8,100 7.000 40,000 $ 20,000 150,000 50,000 55.000 16,500 2,500 3.500 2.500 900 7,500 7.000 60,000 126,400 11,000 07.000 14.000 2.000 2.100 11,000 6,000 32,000 5.100 10,000 13,400 7,400 4,200 5.000 5,900 3,200 4.600 $411,900 5411.900 o Tybalt invested $5,000 cash in the business during year 2019 (the December 31, 2018. credit balance of the O. Tybalt Capital account was $121,400) Required: 10. Prepare the income statement for the calendar year 2019, 16. Prepare the statement of owner's equity for the calendar year 2019, 1c. Prepare the classified balance sheet at December 31, 2019. 2. Prepare the necessary closing entries at December 31, 2019, 3. Use the information in the financial statements to compute the following ration: Complete this question by entering your answers in the tabs below