The Petained Earnings account balance was $122.300 on December 31 of the prior year. Required: 1a. Prepare the income statement for the current year ended December 31 . 16. Prepare the statement of retained earnings for the current year ended December 3! 1c. Prepare the clasiffed balancesheet at December 31 of the current year. 2. Prepare the necessary closing enties at December 31 of the current year. Prev 1 of 1 MIt Next