The adjusted trial balance for Tybalt Construction on December \$ of the current year follows. Oro Tybalt invested $5,000 cash in the business in exchange for common stock during the year. The fectained Earrings account balance was $121,400 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 classificd balance sheet at December 3 . 2. Prepare the necessary closing cotries at December 31 of the current year. Complete this question by entering your answers in the tabs below. Prepare the income statement for the curent year ended December 31 . The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Oro Tybalt invested $5,000 cash in the business in exchange for common stock during the year. The fectained Earrings account balance was $121,400 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 classificd balance sheet at December 3 . 2. Prepare the necessary closing cntries at December 31 of the current yeac, Complete this question by entering your answers in the tabs below. Prepare the statement of retained eamings for the current year ended December 31 . The adjusted trial balance for Tybalt Construction on December 3 of the current year follows. Oro Tybalt invested \$5,000 cash in the business in exchange for common stock during the year. The fetained Earrings account balance was $121,400 on December 31 of the prior year. Required: 1a. Prepare the income statement for the current year ended Deccmber 31. 1b. Prepare the statement of retained earnings for the current year ended December 31. 1c. Prepare the classificd balance sheet at December 1. 2. Prepare the necessary closing contries at December 31 of the current year: Complete this question by entering your answers in the tabs below. Prepare the classilied balance sheet at December 31. The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Oro Tybait invested \$5,000 cash in the business in exchange for common stock during the year. The fietained Earrings account balance was $121,400 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 classificd balance sheet at December 3 . 2. Prepare the necessary closing contries at December 31 of the current year. Complete this question by entering your answers in the tabs below. Prepare the necessary clasing entries at December 31 of the curent year. The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Oro Tybalt invested $5,000 cash in the business in exchange for common stock during the year. The fietained Earrings account balance was $121,400 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. Ic. Prepare the classified balance sheet at December 31. 2. Prepare the necessary closing entries at December 31 of the current yeac. Prepare the necessary closing entries at December 31 of the current year. \begin{tabular}{l} Journal entry worksheet \\ \hline1 \\ Recond the entry to close the expense account(s). \end{tabular} Rate: Enter deb ta benlare aredits. The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Oro Tybalt invested \$5, D00 cash in the business in exchange for common stock during the year. The fietained Earrings account balance was 5121,400 on December 31 of the prior year. Required: 1a. Prepare the incame statement for the current year ended Deccmber 31. 1b. Prepare the statement of retained earnings for the current year ended December 31. 1c. Prepare the classified balance sheet at December 1. 2. Prepare the necessary closing cotries at December 31 of the current yeac. Complete this question by entering your answers in the tabs below. Prepare the necessary closing entries at Docember 31 of the curent year. The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Oro Tybolt invested \$5,000 cash in the business in axchange for common stock during the year. The fietained Earrings account balance wras $121,400 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 classificd balance sheet at December 31. 2. Prepare the necessary closing contries at December 31 of the current year. Complete this question by entering your answers in the tabs below. Prepare the necessary clasing entries at Docember 31 of the curent year