The adjusted trlal balance for Tybalt Construction on December $31$ of the current year follows.The adjusted trial balance for Tybalt Construction on December $31$ of the current year follows.

$\backslash$table$[[,\backslash$table$[[$TYBALT CONSTRUCTION$],[$Adjusted Trial Balance$],[$December $31]],,],[$Number$,$Account Title,Debit,Credit$],[101,$Cash,$$5,000,],[126,$Supplies,$34,500,],[128,$Prepaid insurance,$7,800,],[167,$Equipment,$55,000,],[168,$Accumulated depreciation$-$Equipment,,$$27,500$

The Retalned Earnings account balance was $$126,700$ on December $31$ of the prlor year.

Required:

Prepare the Income statement for the current year ended December $31.$

$1$b$.$ Prepare the statement of retained earnings for the current year ended December $31.$

$1$c$.$ Prepare the classified balance sheet at December $31$ of the current year.

Prepare the necessary closing entrles at December $31$ of the current year.

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Prepare the income state PLEASE HELP I CAN NOT GET MY BALANCE LEDGER TO EVEN OUT I DON'T KNOW WHAT I$\text{'}$M DOING WRONG