TYBALT CONSTRUCTION Adjusted Trial Balance December 31 Number Account Title Debit 101 Credit Cash 126 $ 6,500 Supplies 32,700 128 Prepaid insurance 7,100 167 Equipment 45,000 168 Accumulated depreciation-Equipment $ 22,500 173 Building 162,000 174 Accumulated depreciation-Building 54,000 183 Land 71,670 201 Accounts payable 16,000 203 Interest payable 2,100 208 Rent payable 3,100 210 Wages payable 2,500 213 Property taxes payable 1,000 236 Unearned revenue 14,800 251 Long-term notes payable 63,500 307 Common stock 6,500 318 Retained earnings 123,200 319 Dividends 12,200 403 Services revenue 104,000 406 Rent revenue 16,000 4,400 409 Interest revenue 606 Depreciation expense-Building 11,880 612 Depreciation expense-Equipment 6,750 42,100 623 Wages expense 633 Interest expense 4,700 7,700 637 Insurance expense 12,400 640 Rent expense 6,300 652 Supplies expense 683 Property taxes expense 4,600 $ 433,600 $ 433,600 Totals The Retained Earnings account balance was $123,200 on December 31 of the prior year. Required: 1a. Prepare the income statement for the current year ended December 31. 1b. Prepare the statement of retained earnings for the current year ended December 31. 1c. Prepare the classified balance sheet at December 31 of the current year. 2. Prepare the necessary closing entries at December 31 of the current year. Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 1C Required 2 Prepare the income statement for the current year ended December 31. TYBALT CONSTRUCTION Income Statement For Year Ended December 31 Revenues