The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Oro Tybalt Invested $7,000 cash in the business during the year. The O. Tybalt, Capital account balance was $121,400 on December 31 of the prlor 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 classlfied balance sheet at December 31 of the current year. 2. Prepare the necessary closing entries at December 31 of the current year. repare the income statement for the current year ended December 31. Prepare the statement of owner's equity for the current year ended December 31. Kequired 1A Kequired 1 b Kequired 1C Kequired 2 Prepare the classified balance sheet at December 31 of the current year. TYBALT CONSTRUCTION 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