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 Debits Credits 22,700 330,000 13,000 51,000 610,000 254,000 72,000 63,000 7,500 2,100 400,000 150,000 750,000 450,000 112,500 39,000 61,000 4, 2ee 5,200 1,698,600 1,698,600 Required: 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. Reg 1A Reg 1B Reg 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 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 Prepare the necessary closing entries at December 31, 2021. (If no entry is required for a transaction/event, select required" in the first account field.) View transaction list Journal entry worksheet