The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 68,500 250,000 5,000 35,000 450,000 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 190,000 40,000 15,000 6,000 500 400,000 70,000 600,eee 360,000 90,000 15,000 45,000 1,000 2,000 1,321,500 1,321,5ee 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 Prepare an income statement for the year ended December 31, 2021. BLUEBOY CHEESE CORPORATION Income Statement For the Year Ended December 31, 2021 Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be 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 journal 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 puma