The adjusted trial balance for Tybalt Construction on December 31 of the current year follows TYLALT CONSTRUCTION Adjusted Trial Balance December 31 Number Account Title Debit 101 Cash Credit 126 $ 8,000 Supplies 128 30,900 Prepaid Insurance 3,700 162 Equipment 160 Accumulated depreciation-Equipment 50,000 173 Buliding $ 25,000 162,000 174 Accumulated depreciation-Building 183 54,000 Land 64,520 201 Accounts payable 203 Interest payable 16,000 208 Rent payable 2,500 210 3,100 Wages payable 213 2,000 Property taxes payable 236 Unearned revenue 1,300 13,500 251 Long-tern notes payable 301 60,000 0. Tybalt, Capital 134,400 302 0. Tybalt, withdrawals 12,400 404 Services revenue 104,000 406 Rent revenue 409 15,500 Interest revenue 4,400 606 Depreciation expense-Building 11,880 612 Depreciation expense-Equipment 7,500 623 Wages expense 46,500 633 Interest expense 4,000 637 Insurance expense 7,500 640 Rent expense 10,400 652 Supplies expense 7.100 683 Property taxes e pense 4.300 Totals $ 435,700 $ 435,700 Oro Tybalt invested $8,000 cash in the business during the year. The O. Tybalt, Capital account balance was $126.400 on Decemb 31 of the prior year Required: 10. 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. rocedur X Question 3 - EX-04-PB - Connect x + s://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&.launchUrl=https%253A%252F Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 10 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 Total expenses The adjusted trial balance for Tybalt Construction on December 31 of the current year follows TYLALT CONSTRUCTION Adjusted Trial Balance December 31 Number Account Title Debit 101 Cash Credit 126 $ 8,000 Supplies 128 30,900 Prepaid Insurance 3,700 162 Equipment 160 Accumulated depreciation-Equipment 50,000 173 Buliding $ 25,000 162,000 174 Accumulated depreciation-Building 183 54,000 Land 64,520 201 Accounts payable 203 Interest payable 16,000 208 Rent payable 2,500 210 3,100 Wages payable 213 2,000 Property taxes payable 236 Unearned revenue 1,300 13,500 251 Long-tern notes payable 301 60,000 0. Tybalt, Capital 134,400 302 0. Tybalt, withdrawals 12,400 404 Services revenue 104,000 406 Rent revenue 409 15,500 Interest revenue 4,400 606 Depreciation expense-Building 11,880 612 Depreciation expense-Equipment 7,500 623 Wages expense 46,500 633 Interest expense 4,000 637 Insurance expense 7,500 640 Rent expense 10,400 652 Supplies expense 7.100 683 Property taxes e pense 4.300 Totals $ 435,700 $ 435,700 Oro Tybalt invested $8,000 cash in the business during the year. The O. Tybalt, Capital account balance was $126.400 on Decemb 31 of the prior year Required: 10. 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. rocedur X Question 3 - EX-04-PB - Connect x + s://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&.launchUrl=https%253A%252F Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 10 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 Total expenses