The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. $442,600$442,600 account balance was $121,900 cash in the business during the year. The 0 . Tybalt, Capital December 31 of the prior year. 1a. Prepare the income statement for the current year ended December 31. 1b. Prepare the statement of owner's equity for the current year ended December 31. 2. Prepare the necessary closing entries at December 31 of the current year. 1a. Prepare the income statement for the current year 1b. Prepare the statement of owner's equity for the cu ic. Prepare the classified balance sheet at Decembe 2. Prepare the necessary closing entries at December of the current year. Complete this question by entering your answers in the tabs below. Prepare the necessary closing entries at December 31 of the current year. Journal entry worksheet Record the entry to close the revenue account(s). Note: Enter debits before credits