The December $31,2024,$ adjusted trial balance for the Blueboy Cheese Corporation is presented below.

Required:

$1-$a$.$ Prepare an Income statement for the year ended December $31,2024.$

$1-$b$.$ Prepare a classlfied balance sheet as of December $31,2024.$

Prepare the necessary closing entrles on December $31,2024.$

Answer is not complete.

Complete this question by entering your answers in the tabs below.

Req$1A$

Req$1B$

Req$2$

Prepare the necessary closing entries on December $31,2024.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.