The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Credit Debit $ 5,000 32,900 7,200 50,000 $ 25,000 171,000 57,000 50,760 Number 101 126 128 162 168 173 174 183 201 203 208 210 213 236 251 301 302 484 406 409 606 612 623 633 637 640 652 683 TYBALT CONSTRUCTION Adjusted Trial Balance December 31 Account Title Cash Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Building Accumulated depreciation-Building Land Accounts payable Interest payable Rent payable Wages payable Property taxes payable Unearned revenue Long-term notes payable 0. Tybalt, Capital 0. Tybalt, withdrawals Services revenue Rent revenue Interest revenue Depreciation expense-Building Depreciation expense-Equipment Wages expense Interest expense Insurance expense Rent expense Supplies expense Property taxes expense Totals 16,000 2,600 3,5ee 2,300 900 13,300 60,000 130,400 11,300 98,000 15,500 5,000 12,540 7,500 44,300 4,400 10,000 12,600 6,000 4,000 $ 429,500 $ 429,500 Oro Tybalt invested $5.000 cash in the business during the year. The O. Tybalt, Capital account balance was $125,400 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. Oro Tybalt invested 55.000 cash in the business during the year. The o Tybalt, Capital account balance was $125.400 on December 31 of the prior ser Required: ta. Prepare the income statement for the current year ended December 31 1b. Prepare the statement of owners equity for the current year ended December 31 1. Prepare the classified balance sheet at December 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. Med A Required 10 Tegured 10 Hard 2 Prepare the income statement for the current year wnded December 31 TYLALT CONSTRUCTION Income Samen Fu Year End December 31 Re