The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Number 1 Account Title Cash TYBALT CONSTRUCTION Adjusted Trial Balance December 31 Debit Credit 101 $6,000 126 Supplies 33,300 128 Prepaid insurance 7,400 167 Equipment 168 Accumulated depreciation-Equipment $30,000 173 Building 174,000 174 Accumulated depreciation-Building 58,000 183 Land 49,748 201 Accounts payable 16,000 203 Interest payable 2,300 208 Rent payable 3,100 218 Wages payable 213 Property taxes payable. ces 236 Unearned revenue 251 Long-term notes payable 2,400 1,400 16,400 63,500 307 318 319 403 406 606 632 623 633 637 Common stock Retained earnings Dividends Services revenue Rent revenue Interest revenue Depreciation expense-Building Depreciation expense-Equipment Hages expense Interest expense Insurance expense 6,000 124, 300 100,000 16,00 5,see 12,766 46,300 4, 548 Rent expense 652 Supplies expense 583 Property taxes expense Totals 5,700 3,500 $444,900 The Retained Earnings account balance was $124,300 on December 31 of the prior year Required: 1e. Prepare the income statement for the current year ended December 31 1b. Prepare the statement of retained earnings for the current year ended December 31 1e. Prepare the classified balance sheet at December 31 of the current year 2. Prepare the necessary closing entries at December 31 of the current year Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required C Required 2 Prepare the income statement for the current year ended December 31 TYBALT CONSTRUCTION For Year Ended December 21 640 Rent expense 652 Supplies expense 683 Property taxes expense Totals 13,400 5,700 3,600 $ 444,900 $ 444,900 The Retained Earnings account balance was $124,300 on December 31 of the prior year. Required: 10. Prepare the income statement for the current year ended December 31. 1b. Prepare the statement of retained earnings for the current year ended December 31. 1c. Prepare the classified balance sheet at December 31 of the current year. 2. Prepare the necessary closing entries at December 31 of the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Required 2 Prepare the income statement for the current year ended December 31. TYBALT CONSTRUCTION Income Statement For Year Ended December 31 Revenues Total revenues Expenses S Total expenses Required 18 > Number Account Title 101 Cash Debit $6,000 Credit 126 Supplies 33,300 12 Prepaid insurance 7,400 167 Equipment 60,000 168 Accumulated depreciation-Equipment $ 30,000 173 Building 174,000 174 Accumulated depreciation-Building 58,000 183 Land 49,748 201 Accounts payable 15,000 203 Interest payable 2,300 288 Rent payable 3,100 210 Wages payable 2,400 213 Property taxes payable 1,400 236 Unearned revenue 16,400 251 Long-term notes payable 63,500 307 Common stock 6,000 nt 318 Retained earnings 124,300 319 Dividends 10,600 483 Services revenue 100,000 Rent revenue 16,000 ences 409 Interest revenue 5,5ee 606 Depreciation expense-Building 12,768 612 Depreciation expense-Equipment 9,000 623 Wages expense 46,100 633 Interest expense 4,800 637 Insurance expense 8,300 640 Rent expense 13,400 652 Supplies expense 5,700 683 Property taxes expense 3,600 Totals $444,900 3444,900 The Retained Earnings account balance was $124,300 on December 31 of the prior year Required: 1a. Prepare the income statement for the current year ended December 31 1b. Prepare the statement of retained earnings for the current year ended December 31 Sc. Prepare the classified balance sheet at December 31 of the current year 2. Prepare the necessary closing entries at December 31 of the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Required 2 Prepare the statement of retained earnings for the current year ended December 31. TYBALT CONSTRUCTION Statement of Retained Emings For Year Ended December 31 Retained eamings December 31 prior year Petained eamings December 31 curent year > mework Required: 16. Prepare the income statement for the current year ended December 31 1b. Prepare the statement of retained earnings for the current year ended December 31 1c. Prepare the classified balance sheet at December 31 of the current year. 2. Prepare the necessary closing entries at December 31 of the current year Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Required 2 Prepare the classified balance sheet at December 31 of the current year. TYBALT CONSTRUCTION Balance Sheet December 31 $ B ol mework 409 Interest revenue 5,580 606 Depreciation expense-building 12,760 612 Depreciation expense-Equipment 9,000 623 Wages expense 46,300 633 Interest expense 4,800 637 Insurance expense 640 Rent expense 13,400 652 Supplies expense 5,700 683 Property taxes expense Totals 3,600 $444,900 $444,900 The Retained Earnings account balance was $124,300 on December 31 of the prior year Required: 16. Prepare the income statement for the current year ended December 31. 16. Prepare the statement of retained earnings for the current year ended December 31 1c. Prepare the classified balance sheet at December 31 of the current year. 2. Prepare the necessary closing entries at December 31 of the current year Complete this question by entering your answers in the tabs below. Required LA Required 18 Required 10 Required 2 Prepare the necessary dosing entries at December 31 of the current year View transaction list Journal entry worksheet < 2 3 4 Record the entry to close the revenue account(s) Cate Decanter 21 General Jound Celot Creat (Negated SC