The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 31 Number 101 Account Title Cash Debit Credit 126 Supplies $ 6,000 33,800 128 Prepaid insurance 8,900 167 Equipment 60,000 168 Accumulated depreciation-Equipment $ 30,000 173 Building 162,000 174 Accumulated depreciation-Building 54,000 183 Land 63,920 201 Accounts payable 16,000 203 Interest payable 2,800 208 Rent payable 3,200 210 Wages payable 2,600 213 Property taxes payable 1,200 236 Unearned revenue 14,400 251 Long-term notes payable 62,000 301 0. Tybalt, Capital 131,800 302 0. Tybalt, Withdrawals 10,300 404 Services revenue 104,000 406 Rent revenue 17,500 409 Interest revenue 4,300 606 Depreciation expense-Building 11,880 612 Depreciation expense-Equipment 9,000 623 Wages expense 45,300 633 Interest expense 3,700 637 Insurance expense 8,500 640 Rent expense 10,100 652 Supplies expense 7,000 683 Property taxes expense 3,400 Totals $ 443,800 $ 443,800 Oro Tybalt invested $6,000 cash in the business during the year. The O. Tybalt, Capital account balance was $125,800 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 owner's equity 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 1B 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 Required 1A Required 1B Required 1C Required 2 Prepare the statement of owner's equity for the current year ended December 31. TYBALT CONSTRUCTION Statement of Owner's Equity For Year Ended December 31 O. Tybalt, Capital, December 31 prior year O. Tybalt, Capital, December 31 current year < Required 1A Required 1C > Required 1A Required 1B Required 1C Required 2 Prepare the classified balance sheet at December 31 of the current year. TYBALT CONSTRUCTION Balance Sheet December 31 Required 1A Required 1B Required 1C Required 2 Prepare the necessary closing entries at December 31 of the current year. View transaction list Journal entry worksheet < 1 2 34 Record the entry to close the revenue account(s). Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit View general journal Record entry Clear entry