The adjusted trial balance for Tybalt Construction as of December 31, 2017, follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2817 Account Title Credit 174 Accumulated depreciation-Building 233 Unearned professional fees able 13,808 481 Professionalfees earned 686 Depreciation expense-Building 612 Depreciation expense-Equipment $411,988 Requlrec 1o. Prepare the income statement for the calendar year 2017. 1b. Prepare the statement of retained earnings for the calendar year 2017. 1c. Prepare the classified balance sheet at December 31, 2017. 2. Prepare the necessary closing entries at December 31, 2017. 3. Use the information in the financial statements to compute the following ratios: TYBALT CONSTRUCTION Income Statement For Year Ended December 31, 2017 Revenues Total revenues Expenses Total expenses TYBALT CONSTRUCTION Statement of Retained Earnings For Year Ended December 31, 2017 Retained earnings, Dec. 31, 2016 4,300 Retained earnings, Dec 31, 2017 S 112,700 December 31, 2017 Journal entry worksheet 4 Record the entry to close revenue account(s). Note: Enter debits before credits Date General Journal Debit Credit Dec 31