The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Oro Tybalt invested $6,500 cash in the business during the yeat. The 0, rybal, capital account balance was $125,800 on December Oro Tybalt invested $6,500 cash in the business during the year. The O, Tybalt, Captal account balance was $125,800 on December: 31 of the prior year. Required: 10. Prepare the income statement for the current yearended Decembet 31 16. Prepare the statement of owner's equity for the current year ended December 31 . Ic. Prepare the classified balince sheet at December 31 of the current yeac. 2. Prepare the necessary closing entries at December 31 of the curfent year. Complete this question by entering vour answers in the tabs below. Drepare the incorne statement for the current year ended Decenber 31. Complete this question by entering your answers in the tabs below. Prepare the statement of owner's equity for the current year ended December 31 . Prepare the classified balance sheet at December 31 of the current year. Journal entry worksheet Record the entry to close the revenue account(s). Note: Enter debits before credits. journai entry worksheet 1 Record the entry to close the expense account(s). Filutei Enter debits before creafm. Journal entry worksheet Record the entry to close the Income summary account. Nute:; Lnter debts be fore credits. Journal entry worksheet