The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Cash Debits 57, 700 270, 000 7, 000 39, 000 490. 000 Credits Accounts receivable Prepaid rent Inventory Office equipnent Accumul at ed depreciation Accounts payable Notes payable (due in six months) Sal aries payable Interest payable 206, 000 48, 000 27, 000 6, 400 900 Common stock Ret ained eamings Sales revenue Cost of goods sold Sal aries expense Rent expense Depreciation expense Interest expense Advertising expense 400, 000 90, 000 640, 000 384, 000 96. 000 21, 000 49, 000 1, 800 2, 800 Tot als 1, 418, 300 1, 418, 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. BLUEBOY CHEESE CORPORATION Income Statement For the Year Ended Decem ber 31, 2021 BLUEBOY CHEESE CORPORATION Balance Sheet At December 31, 2021 Assets Liabilities and Shareholders' Equity Record the entry to close the revenue accounts using the income summary. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View general jourm Record the entry to close the expense accounts using the income summary. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View general journal