The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 31 Number Account Title Debit Credit 101 Cash $ 5,000 126 Supplies 34,700 128 Prepaid insurance 8,600 167 Equipment 45,000 168 Accumulated depreciation-Equipment $ 22,500 173 Building 159,000 174 Accumulated depreciation-Building 53,000 183 Land 70,890 201 Accounts payable 17,000 203 Interest payable 2,100 208 Rent payable 3,500 210 Wages payable 2,500 213 Property taxes payable 1,500 236 Unearned revenue 14,300 251 Long-term notes payable 60,000 307 Common stock 5,000 318 Retained earnings 122,000 319 Dividends 11,600 403 Services revenue 105,000 406 Rent revenue 17,500 409 Interest revenue 4,400 606 Depreciation expense-Building 11,660 612 Depreciation expense-Equipment 6,750 623 Wages expense 41,200 633 Interest expense 4,400 637 Insurance expense 7,400 640 Rent expense 12,600 652 Supplies expense 7,300 683 Property taxes expense Totals 4,200 $ 430,300 $ 430,300 The Retained Earnings account balance was $122,000 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. 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