The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 41,500 305,000 10,500 45,000 550,000 Account Title Cash Accounts receivable Prepaid rent Inventory office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest payable Common stock Retained earnings Sales revenue Cost of goods sold salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 230,000 62,000 45,000 7,000 1,500 400,000 125,000 700,000 420,000 105,000 31,500 55,000 3,000 4,000 1,570,500 1,570,500 Prepare an income statement for the year ended December 31, 2021. BLUEBOY CHEESE CORPORATION Income Statement For the Year Ended December 31, 2021 0 0 0 $ 0 BLUEBOY CHEESE CORPORATION Balance Sheet At December 31, 2021 Assets 0 0 $ 0 Liabilities and Shareholders' Equity 0 Journal entry worksheet 1 2 Record the entry to close the revenue accounts using the income summary. Note: Enter debits before credits Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the entry to close the expense accounts using the income summary. Note: Enter debits before credits General Journal Date December 31, 2021 Debit Credit