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The December 31, 2024, adjusted account balances for the Cowboys Corporation are presented below. Required: 1-a. Prepare an income statement for the year ended December

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The December 31, 2024, adjusted account balances for the Cowboys Corporation are presented below. Required: 1-a. Prepare an income statement for the year ended December 31, 2024. 1-b. Prepare a classified balance sheet as of December 31, 2024. 2. Transfer balances of temporary accounts to Retained Earnings and calculate its ending balance. Complete this question by entering your answers in the tabs below. Prepare a dassified balance sheet as of December 31,2024. Note: Amourts to be deducted should be indicated by a minus sugn. The December 31, 2024, adjusted account balances for the Cowboys Corporation are presented below. Required: 1-a. Prepare an income statement for the year ended December 31, 2024. 1-b. Prepare a classified balance sheet as of December 31, 2024. 2. Transfer balances of temporary accounts to Retained Earnings and calculate its ending balance. Complete this question by entering your answers in the tabs below. Transfer balances of temporary accounts to Retained Earnings and calculate its ending balance. Note: Amounts to be deducted should be indicated by a minus sign

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