The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. The Retained Earnings account balance was $126,100 on December 31 of the prior year. Required: 1a. Prepare the income statement for the current year ended December 31 . 16. 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