The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. 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 Required: Debits 65,800 Credits 255,000 5,500 36,000 460,000 194,000 42,000 18,000 6,100 600 400,000 75,000 610,000 366,000 91,500 16,500 46,000 1,200 2,200 1,345,700 1,345,700 1-a. Prepare an income statement for the year ended December 31, 2021. 1-b. Prepare a classified balance sheet as of December 31, 2021. 2. Prepare the necessary closing entries at December 31, 2021. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 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 Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) BLUEBOY CHEESE CORPORATION Balance Sheet At December 31, 2021 Assets 0 0 $ 0 Liabilities and Shareholders' Equity 0 Liabilities and Shareholders' Equity 0 0 $ 0 0 0 EA $ 0 Journal entry worksheet 1 Record the entry to close the revenue accounts using the income summary. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit 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. Date December 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal > Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minu BLUEBOY CHEESE CORPORATION Balance Sheet At December 31, 2021 Assets 0 0 $ 0 Liabilities and Shareholders' Equity Liabilities and Shareholders' Equity 0 0 0 0 0 Req 1A Req 2 >