The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 31 Number 101 104 126 128 Short-term investments Supplies Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 173 Building 174 Accumulated depreciation-Building 183 201 203 208 210 213 236 244 251 307 318 319 404 406 407 409 Cash 612 623 633 637 640 652 682 683 684 688 690 Land Accounts payable Interest payable Rent payable Wages payable Account Title Property taxes payable Unearned revenue Current portion of long-term note payable Long-term notes payable Common stock Retained earnings Dividends Services revenue Rent revenue Dividends revenue Interest revenue 606 Depreciation expense-Building Depreciation expense-Equipment Wages expense Interest expense Insurance expense Rent expense Supplies expense Postage expense Property taxes expense Repairs expense Telephone expense Utilities expense Totals. Debit $ 7,500 24,500 8,200 8,600 45,000 159,000 67,290 12,600 11,660 6,750 26,500 3,900 9,800 12,300 7,300 2,700 4,300 6,400 2,100 4,400 $430,800 Credit Required: 1a. Prepare the income statement for the current year ended December 31, $ 22,500 53,000 17,000 2,500 3,300 2,200 1,000 7,900 6,500 60,500 7,500 121,100 104,000 17,000 2,000 2,800 $430,800 Oro Tybalt invested $7,500 cash in the business in exchange for common stock during the year. The Retained Earnings balance was $121,100 on December 31 of the prior year.

Prepare the income statenent for the current year ended December 31 Oro Tybalt invested $7.500 cash in the business in exchange for common stock during the year. The Retained Earning balance was $121,100 on December 31 of the prior year. Required: 10. 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. 2. Prepare the necessary closing entries at December 31 of the current year. * Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the necessary closing entries at December 31 of the current year. Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for the current year ended December 31. Complete this question by entering your answers in the tabs below. Prepare the classified balance sheet at Dryunurymen The adjusted trial balance for Tybait Construction on December 31 of the current year follows. Oro Tybalt invested $7,500 cash in the business in exchange for common stock during the year. The Retained Earnings balance was $121,100 on December 31 of the prior year. Required: 10. Prepare the income statement for the current vear ended December 31