The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 49,200 295,000 9,500 44,000 540,000 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 226,000 58,000 42,000 6,990 1,400 400,000 120,000 690,000 414,000 103,500 28,500 54,000 2,800 3,800 1,544,300 1,544,300 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. Req 1A Reg 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 w $ 0 Rey 1 Req 1B > Req 1A Reg 1B Reg 2 Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by BLUEBOY CHEESE CORPORATION Balance Sheet At December 31, 2021 Assets 0 0 $ 0 Liabilities and Shareholders' Equity 0 0 0 Req 1A Reg 1B Reg 2 Prepare the necessary closing entries at December 31, 2021. (If no entry is required for a transaction/event, required" in the first account field.) View transaction list Journal entry worksheet Record the entry to close the revenue accounts using the income summary. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general journal